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Aug 21, 2023

Chesterfield pharma company to pay $30M in Suboxone settlement

Chesterfield County-based pharmaceutical manufacturer Indivior Inc. has reached a $30 million settlement agreement in a federal class-action antitrust lawsuit brought by a group of health plans over the manufacturer’s opioid addiction treatment drug, Suboxone. The global parent company, Indivior PLC, announced the settlement Monday, and the plaintiffs filed a memorandum in support of the set[...]

May 10, 2023

Altria settles 6,000 Juul-related lawsuits for $235M

Henrico County-based Altria Group Inc. has settled at least 6,000 state and federal lawsuits related to Juul Labs Inc. for $235 million, the Fortune 500 tobacco manufacturer announced Wednesday. The settlements will be paid in the second quarter of 2023. Altria purchased a 35% stake in e-cigarette company Juul for $12.8 billion in 2018. Months […]

Nov 22, 2021

Former LeClair Ryan execs reach $10M settlement

Former executives at Richmond-based LeClair Ryan PLLC have reached a settlement with the firm’s insurer and bankruptcy trustee over $10 million in pending claims, according to a report from The American Lawyer. The firm’s liability insurer, Columbia Casualty, agreed to pay the firm’s trustee, Lynn Tavenner, $9.425 million to resolve claims including conspiracy and breach [&hellip[...]

Sep 2, 2021

FTC fines Capital One CEO for failing to file stock transaction

The Federal Trade Commission fined McLean-based Capital One Financial Corp. CEO Richard Fairbank a $637,950 civil penalty for violating antitrust laws in finalizing stock acquisitions, the FTC announced Thursday. The settlement must be approved by the U.S. District Court for the District of Columbia. The FTC alleged that Fairbank violated the Hart-Scott-Rodino (HSR) Antitrust Improvements [&hellip[...]

Sep 15, 2020

Va. attorney general secures $15.3M settlement for former ITT Tech students

Virginia Attorney General Mark Herring secured an agreement to obtain $15.3 million in debt relief for at least 1,840 former ITT Tech students in Virginia as part of a settlement including 47 additional attorneys general and the federal Consumer Financial Protection Bureau, his office announced Tuesday. The entire settlement is approximately $330 million for 35,000 […]

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