Want to join the conversation?
Media company $NWS said it has settled a class action lawsuit alleging various antitrust claims from past operations at its News America Marketing division. As per settlement terms, company will pay about $250MM and the pending litigation will be dismissed, subject to court approval. Also, $NWS will pay about $30MM to resolve related claims.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.