Which are the top 10 largest business lawsuits settled this year?
As an AI language model, I can provide information based on the available data up until September 2021. However, the ranking and size of lawsuits can change rapidly, so it’s essential to refer to the latest news sources for the most up-to-date information. Here are ten significant business lawsuits that were settled in recent times:
1. Purdue Pharma Settlement ($8.3-$10 billion): Purdue Pharma, the maker of OxyContin, settled with multiple states and local governments over its role in the opioid crisis. The settlement amount is estimated to be around $8.3 to $10 billion.
2. Johnson & Johnson Talcum Powder Settlement ($2.1 billion): Johnson & Johnson settled thousands of lawsuits alleging their talcum powder products caused cancer. The settlement amount was reported to be $2.1 billion.
3. Facebook Privacy Settlement ($650 million): Facebook reached a $650 million settlement to resolve a class-action lawsuit accusing the company of illegally collecting and using facial recognition data without consent.
4. Equifax Data Breach Settlement ($575 million): After a massive data breach in 2017, Equifax settled a lawsuit for $575 million. The breach compromised the personal information of nearly 147 million customers.
5. Wells Fargo Fake Accounts Settlement ($500 million): Wells Fargo settled a lawsuit for $500 million over the creation of unauthorized accounts without customers’ knowledge or consent. This scandal emerged in 2016.
6. Boeing 737 Max Settlement ($346 million): Boeing reached a $346 million settlement with families of the victims killed in two 737 Max plane crashes in 2018 and 2019. The crashes led to the worldwide grounding of the aircraft.
7. Volkswagen Dieselgate Settlement ($96 million): Volkswagen settled with Canadian consumers for approximately $96 million over the “Dieselgate” scandal. The settlement resolved claims related to the installation of illegal software to cheat emissions tests.
8. Johnson & Johnson Opioid Settlement ($230 million): Johnson & Johnson reached a $230 million settlement with the state of New York in a lawsuit accusing the company of helping fuel the opioid crisis.
9. Juul Labs Teen Vaping Settlement ($40 million): E-cigarette maker Juul Labs settled with North Carolina for $40 million over accusations of targeting and hooking young people on nicotine-containing products.
10. Marriott International Data Breach Settlement ($25 million): Marriott settled for $25 million over a massive data breach that exposed the personal information of millions of guests in 2018.
Please note that the amounts mentioned above are approximations based on available data, and settlement amounts can vary based on multiple factors.
