settlement

Reuters: Lyft reaches a $25M settlement to resolve shareholder claims that it concealed safety problems, including sexual assault by drivers, before its March 2019 IPO — Lyft Inc (LYFT.O) has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems … Reuters: Lyft reaches a $25M settlement to resolve shareholder claims that it concealed safety problems, including sexual assault by drivers, before its March 2019 IPO …

Other than running Tesla, SpaceX, and — perhaps at some point if the buyout is complete — Twitter, Elon Musk is staying busy with yet another appeal in his case against the SEC. His beef with the government agency is, as it has been for the last several years, over the 2018 settlement he agreed to after being charged with securities fraud over a tweet about taking Tesla private. In April, US District Judge Lewis Liman was not swayed by Eminem-related arguments from Elon’s lawyers and ruled to let the agreement stand as…

Zendesk Inc. ZEN -4.92% is in talks to settle with activist investor Jana Partners LLC, days after the software company ended an unsuccessful bid to sell itself. Zendesk and Jana are discussing a truce that could involve Mikkel Svane stepping down as the software company’s chief executive, as well as changes to the board, including the removal of director Carl Bass,…

Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that argued it underpaid female employees and assigned them lower-ranking positions.The $118 million (roughly Rs. 922 crore) settlement covers about 15,500 female employees who have worked for the company in California since September 2013, the law firms Lieff Cabraser Heimann & Bernstein LLP and Altshuler Berzon LLP said in a statement released Friday night.The company also agreed for a third party…

The Circle of Life Leikir Studio had premiered the first trailer for its upcoming ecological city-builder, Synergy. Making its world premiere at this year’s PC Gaming Show, the new title sees a struggling people efficiently utilize their surroundings in order to thrive and survive in a mysterious, fictional land. As you can see from the trailer below, Synergy boasts a pleasant illustration style and holds tight to its themes of harmony, ecology, and community to sustain the homes, food, and resources of its…

Judge Yvonne Gonzalez Rogers says she wants to see more math behind the calculation of a $27 million developer fee included in the $100 million App Store lawsuit settlement fee agreed by Apple and developers. As Law360 reports, Judge Gonzalez Rogers has already approved at $100 million settlement fee proposed by Apple to settle the lawsuit but wants to see more information about the numbers behind a $27 million attorney fee request, including how much that figure will reduce developers' payouts by. The deadline for…

Western Digital Corp. WDC 1.00% is close to a settlement with activist investor Elliott Management Corp. that calls for the $19 billion company to consider more seriously splitting into two, according to people familiar with the matter. Elliott in May revealed a 6% stake in Western Digital and sent a letter calling on the company to explore a separation into businesses focused on traditional hard drives for computers and flash memory,…

Google has agreed to pay $100 million to Illinois residents to settle a class-action lawsuit over one of its facial recognition features in Google Photos (via Gizmodo). The complaint alleges Google’s face grouping tool, which automatically identifies your face in photos and videos uploaded to Photos, violates Illinois’ Biometric Information Privacy Act (BIPA). Introduced in 2008, the BIPA bars companies from collecting and storing any sort of biometric data, including a “retina or iris scan, fingerprint, voiceprint, or…

The US Equal Employment Opportunity Commission (EEOC) has begun accepting claims related to Activision Blizzard’s with the agency. Starting today, current and former US employees of the publisher who believe they experienced sexual harassment or gender discrimination while working at its offices from September 1st, 2016 to March 29th, 2022 can file for an award. Those who decide to take part in the claims process can also make specific non-monetary requests of Activision Blizzard and the EEOC. For instance, they can ask…

Rapper Young Moose has won a $300,000 settlement after filing a lawsuit against convicted Baltimore police officer Daniel Hersl, who served on the infamous Gun Trace Task Force depicted in the HBO series We Own This City.The Baltimore Sun reports Baltimore’s spending board has approved a payment to Kevron Evans, 28, known as Young Moose, after the rapper filed a lawsuit against the city and its police department last March. Evans alleged that several Baltimore police officers, including former detective Hersl, planted…