settlement - Unusual Whales

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settlement

A collection of 2 posts

Wells Fargo pays $1 billion in settlement to accusations of it defrauding shareholders regarding scandals on customer treatment

Per CNN Wells Fargo was previously the target of a class action lawsuit that alleged that the firm had defrauded its shareholders regarding how it was recovering from customer treatment scandals. The settlement was worth $1 billion because the firm reportedly lied about its progress. The preliminary settlement for the

Meta class action lawsuit results in $725 million settlement for users that had Facebook accounts between May 2007 and Dec 2022

Per CNBC The result of a class action lawsuit against Meta was a settlement worth $725 million for users with Facebook accounts between May 2007 and Dec 2022. Despite the settlement, Meta did not admit to any wrongdoings. The lawsuit was in regard to the relationship of the social media