Tag: settlement

26 FEB

Utility to pay $119.5 million settlement after massive 2015 natural gas leak

Enlarge / A rig stands over a well pad at the Southern California Gas Co. Aliso Canyon underground natural gas storage facility in the Porter Ranch neighborhood of Los Angeles, California, on Thursday, January 12, 2017. (credit: Patrick T. Fallon/Bloomberg via Getty Images) On Monday, a Los Angeles Superior Court Judge approved a $ 119.5 […]

04 DEC

UC Berkeley to stop ‘tax’ on conservative speakers in major settlement

University of California Berkeley will change policies that effectively blocked conservative speakers, no longer charge exorbitant security fees, and pay the plaintiffs’ legal expenses in a settlement with two conservative groups. The settlement announced Monday was hailed as a victory by Young America’s Foundation (YAF) and the Berkeley College Republicans, who sued the university in […]

27 NOV

Owner of failed nuclear plant might use golden parachute fund in settlement

Enlarge / V C Summer Nuclear Station Unit 1. (credit: DJSlawSlaw / Wikimedia Commons) Today, South Carolina energy company SCANA and its potential purchaser Dominion Energy reached a settlement with class-action litigants to offer a significant energy bill rate cut in exchange for the litigants dropping a lawsuit over $ 2 billion in energy bill […]

24 NOV

Samsung reaches final settlement with cancer-stricken employees

After 11 years of controversy, Samsung has apologized for creating an unsafe work environment that resulted in a number of former employees contracting leukemia and other cancers, according to the Associated Press. The company has vowed to compensate ill workers by 2028, per Reuters. The announcement comes weeks after Samsung reached a final settlement with […]

17 OCT

With Settlement Approved, Elon Musk Has 45 Days to Vacate the Chairman’s Seat

Tesla CEO Elon Musk will soon be gone as company’s chairman, but a replacement — someone who’ll need to occupy the position for three years — has yet to be named. The hourglass was flipped after U.S. District Judge Alison Nathan approved a settlement between Musk and his company and the U.S. Securities and Exchange Commission Tuesday. Musk […]

11 OCT

SEC Brushes Off Elon Musk’s Tweet, Signs Off on Original Settlement

Tesla CEO Elon Musk’s brilliant idea to call the Securities and Exchange Commission the “Shortseller Enrichment Commission” in a recent tweet did not land the impulsive executive in any additional hot water. The SEC, which decided that removing Musk from the chairman’s position and fining both him and the company $ 20 million was sufficient […]

02 OCT

A Wall Street analyst just toured the Tesla factory, and says the SEC’s settlement with Elon Musk is overshadowing beefed-up Model 3 production (TSLA)

Benjamin Zhang/Business Insider Tesla hit the headlines again last week following the SEC’s lawsuit and subsequent settlement with its CEO Elon Musk.  One Wall Street analyst who recently toured Tesla’s Fremont, California factory says that the regulatory news is overshadowing significant upgrades at the facility.  Now all focus is on the company’s ability to deliver cars […]