Fannie Mae (FNMA.OB) has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis.
An Alabama man who sued over being hit and kicked by police after leading them on a high-speed chase will get $1,000 in a settlement with the city of Birmingham, while his attorneys will take in $459,000, officials said Wednesday.
The legal war between comic book art great Jack Kirby's heirs and Marvel Entertainment over the rights to Iron Man, Captain America and other superhero icons has ended, not with a climactic final battle but with a settlement announced Friday by both sides.
Shire Plc, which is in the process of being acquired by AbbVie Inc, has agreed to pay $56.5 million to resolve allegations of making false claims in the marketing of its ADHD drug Adderall XR and other medicines, the U.S. Justice Department said on Wednesday.
