ZTE shares tank in Asian markets after it agrees to pay $1.4 billion settlement to the US

REUTERS/Sergio Perez Investors wiped about $ 3 billion off embattled Chinese telecommunications giant ZTE Corp’s market value as it resumed trade on Wednesday after agreeing to pay up to $ 1.4 billion in penalties to the U.S. government. ZTE was crippled when the United States imposed a seven-year supplier ban on the company in April after it […]

Trump Lawyer Michael Cohen Negotiated $1.6 Million Settlement for Top Republican Fundraiser

The 2017 deal was on behalf of Elliott Broidy, a businessman who faced allegations he impregnated a former Playboy model. It resembles a settlement Michael Cohen arranged involving President Trump and porn actress Stormy Daniels, which is now a topic of federal law-enforcement scrutiny.

Judge signs off on $25 million settlement in lawsuit against ‘fraudulent’ Trump University

Bebeto Matthews/AP Photo A federal judge on Monday signed off on a $ 25 million agreement to settle fraud claims arising from Trump University, the now-defunct education venture of US President Donald Trump. A US judge declared the settlement final after a former student agreed to drop further appeals. New York Attorney General Eric Schneiderman, […]

Uber and family of autonomous vehicle victim reach settlement

TEMPE, Ariz., March 28 (Reuters) – The family of a woman killed by an Uber Technologies Inc self-driving vehicle in Arizona has reached a settlement with the ride services company, ending a potential legal battle over the first fatality caused by an autonomous vehicle. Cristina Perez Hesano, attorney with the firm of Bellah Perez in […]

Uber’s CEO says its $245 million settlement with Waymo was ‘well worthwhile’

Thomson Reuters Uber CEO Dara Khosrowshahi said the company’s $ 245 settlement with Waymo was “well worthwhile.” The case put a “pretty significant question mark” over the work of Uber’s employees, he said, and the firm wanted to put the case behind it. Khosrowshahi joined the company five months ago, and is trying to right the […]

Uber reaches settlement with Alphabet’s Waymo over alleged theft of trade secrets

Uber has announced that it’s reached a settlement with Alphabet’s autonomous car division Waymo. The news comes four days into a trial brought about by Waymo, after it alleged that former employees, including Anthony Levandowski, had stolen confidential information to use in a new self-driving vehicle venture called Otto, which was subsequently acquired by Uber. […]

Waymo and Uber end trial with sudden $244 million settlement

Enlarge / Autodesk VRED Design 2017. (credit: Waymo) In a stunning turn, Waymo and Uber have settled their self-driving trade secrets lawsuit on the fifth day of the trial. Ars has learned that Uber has agreed to pay out 0.34 percent of Uber’s equity, with a $ 72 billion valuation, resulting in a payout of […]

It’s all over: Why the Waymo v. Uber self-driving settlement makes sense

Enlarge (credit: Uber) On Friday morning, Waymo and Uber settled their trade secrets lawsuit, setting the stage for self-driving marketplace competition rather than a legal battle. After a drawn-out struggle both in a court of law and the court of public opinion, a settlement is the outcome that makes the most sense for both parties. […]