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March 13, 2013
The parties are pleased to announce that a settlement has occurred, and that the terms are confidential. Nothing more will be disclosed regarding the settlement.
A joint statement from Keith Olbermann and Current TV • Discussing the settlement the two parties reached in the anchor’s lawsuit against the network. With the network changing hands in recent weeks, it’s possible Olbermann made out like a bandit here, as the lawsuit was for $50 million and the settlement came days after he filed court documents in an effort to receive a summary judgment. But we won’t know for sure unless Olbermann launches his own TV network.
21:14 // 1 year ago
August 1, 2012
15:31 // 1 year ago
June 12, 2012
20:22 // 2 years ago
November 4, 2011
11:52 // 2 years ago
October 21, 2011

News Corp. pays off phone-hacking scandal victim’s family

  • $3.2 million the settlement headed to Milly Dowler’s family, via News Corp.
  • $1.6 million the settlement headed to a charity of the Dowler family’s choosing source

» The scandal that killed a newspaper: With the News of the World scandal a bit of a low point for the company this year, it’s understandable that they might want to get this dealt with. But the Dowler family has made sure it was to their liking: ”Nothing that has been agreed will ever bring back Milly or undo the traumas of her disappearance and the horrendous murder trial earlier this year,” they said. “The only way that a fitting tribute could be agreed was to ensure that a very substantial donation to charity was made in Milly’s memory. We hope that projects will be undertaken so that some good can come from this.” Meanwhile, News Corp. now has a second scandal under its large journalistic umbrella, though this one (the WSJ’s circulation scandal) is fortunately more business-oriented and less invasive on another person’s life.

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11:05 // 2 years ago
August 19, 2011

Dominique Strauss-Kahn case might be decided by money, not courts

the Strauss-Kahn accuser might drop the case for money. However, the woman’s lawyer is denying these claims that follow a report from the Wall Street Journal that sites anonymous sources. However, it wouldn’t be surprising if they were trying to make a deal — anything close to a conviction in this case would be political suicide for prominent French politician Strauss-Kahn, if his career isn’t over already. It’s evident that he and his team want this case out of the way as soon as possible, and from what’s being said, the woman might just take money instead of going through with the trial. We’ll see. source

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17:06 // 2 years ago
December 18, 2010

Current score: Who’s still getting screwed by Bernie Madoff?

  • 16k number of people claim to have been affected by the breakdown of Madoff’s ponzi scheme, which left many of the victims destitute
  • 60% of victims may never see any of the money because they put their money into Madoff’s care indirectly, though feeder funds
  • 400 investors were sued for taking more than they were worth from Madoff’s ponzi scheme (though some of them are broke, too) source

» Not every victim is getting helped: Only around $5.9 billion in losses has been recognized by the trustee so far, which much of the rest of the money owed indirectly by hedge funds that need to pay back the money they withdrew first.

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11:14 // 3 years ago
December 17, 2010

Madoff trustee scores big settlement for victims in Ponzi scheme

  • $20B the amount investors lost because of Bernie Madoff’s massive ponzi scheme over the years
  • $2.3B the amount that had previously been gained back through auctions and other means
  • $7.2B the amount earned in a settlement with the estate of Jeffry Picower, a Madoff investor source
12:16 // 3 years ago
December 7, 2010

The U.S. decides to let Israeli settlement deal fall through

That sound you hear is that of the U.S. dragging its tail between its legs. After attempting to making an offer to Israel to give them some fighter jets in exchange for a temporary delay of their building ambitions, the deal fell apart. The hope was that the delay would encourage Israel and Palestine to create firm borders, but in the end, the U.S. wouldn’t offer anything up to Israel in writing, and Palestine wouldn’t rekindle peace talks over a temporary settlement-building halt. The U.S. is playing down the diplomatic failure (which was kind of a bum deal anyway) and instead moving on to diplomatic talks between Israel and Palestine next week in the U.S. Secretary of State Hillary Clinton, by the way, will be making a speech about the Middle East on Friday. source

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22:39 // 3 years ago
November 9, 2010
Jerusalem is not a settlement. It is the capital of the state of Israel. Israel sees no connection between the diplomatic process and the planning and building policy in Jerusalem.
Israeli Prime Minister Benjamin Netanyahu • Explaining why Israel will continue to build settlements in disputed areas of Jerusalem and the West Bank despite rebukes from the U.S. for its latest settlement-building schemes. Just hours before, Obama criticized Israel for its actions like so: “This kind of activity is never helpful when it comes to peace negotiations, and I’m concerned that we’re not seeing each side make that extra effort involved to get a breakthrough. Each of these incremental steps end up breaking trust.” source (viafollow)
21:08 // 3 years ago