Latest news with #Settlement
Washington Post
9 hours ago
- Business
- Washington Post
Congress could soon introduce a very NCAA-friendly bill
Now that a judge has approved the settlement of three major antitrust cases against the NCAA and power conferences, the political jostling over college sports legislation is expected to heat up on Capitol Hill. The Washington Post obtained copies of draft legislation from two House committees, which would amount to a bill that checks off every item the NCAA has spent years — and millions of dollars — lobbying for: a preemption of state laws that conflict with rules set by the NCAA and/or its conferences; a prohibition on college athletes being classified as employees; and broad antitrust protection that lines up with the House v. NCAA settlement approved Friday, which could insulate the NCAA and its members from legal challenges of a new salary cap for schools' direct payments to athletes and attempts to regulate booster spending in the name, image and likeness (NIL) market.
Yahoo
3 days ago
- Business
- Yahoo
Pan American Energy Closes Debt Settlement Transactions
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, June 06, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | FRA: SS60) ('Pan American' or the 'Company') announces, further to its news release of May 29, 2024, that it has issued, 205,841 common shares in the capital of the Company (the 'Settlement Shares'), at a deemed value of $0.20 per Settlement Share, in full and final settlement of accrued and outstanding debt to certain creditors of the Company in the aggregate amount of $441,168.50 (the 'Debt Settlement Transactions'). All securities issued pursuant to the Debt Settlement Transactions are subject to a statutory hold period expiring on October 7, 2025, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation. About Pan American Energy Corp. Pan American Energy Corp. (CSE: PNRG) (FSE: SS60) is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America. The Company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a 75% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario. The Company can earn an additional 15% interest in Big Mack, for a total of 90% interest. To register for investor updates, please visit On Behalf of the Board of Directors Adrian LamoureauxChief Executive Officer Contact Phone:(587)885-5970Email: info@ Cautionary Note Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Debt Settlement Transactions, including the receipt of all necessary regulatory and other approvals. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including the assumption that the Canadian Securities Exchange will accept the terms of the Debt Settlement Transactions and that the Debt Settlement Transaction will proceed as currently anticipated. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Debt Settlement Transaction does not close, including as a result of failure to receive the approval of the Canadian Securities Exchange for the Debt Settlement Transaction; risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined and the risk that exploration and development activities will cost more than the amount budgeted for such activities by the Company; access and supply risks; operational risks; regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; financing, capitalization and liquidity risks; and title and environmental risks. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Sky News
19-05-2025
- Entertainment
- Sky News
Diddy trial live: Combs 'jealous' of actor Michael B Jordan, court hears
The trial of Sean "Diddy" Combs returns, with Cassie's former friend Kerry Morgan giving evidence. Combs denies all five felony charges against him. We'll have live updates from the court in Manhattan below. 19:36:59 'I draw my line at physical abuse' Kerry Morgan is asked about her current relationship with Cassie, and confirms that despite being friends for 17 years, the last time they spoke was in 2018, just after Combs allegedly threw a wooden coat hanger at her head, leaving her with a concussion. Marc Agnifilo says: "She is married to another man and about to have another baby, you have not spoken to her in seven years?" Morgan answers: "Yes." Agnifilo goes on: "In that period, she left him six and a half years ago, how come you haven't spoken to her?" Morgan says: "The reason I stopped speaking to her was because she was not supportive of me after that incident. I draw my line at physical abuse." She goes on to confirm Cassie had not contacted her since meeting her in a pizza restaurant shortly after the incident. Discussing the settlement Morgan reached with Combs, she describes Cassie as the "go-between", adding: "The money wasn't coming from her… I did not demand money from anyone, she offered money to close the case on it, so I don't sue anybody or say anything public about it. All I got was $30,000." 19:21:53 'Gina was a problem' Kerry Morgan is asked about another woman, Gina, who Combs was dating for part of the time he was in a relationship with Cassie. Morgan says: "She was a big problem, she wouldn't go away. "Cassie found out about it and she wouldn't go away. We looked at her like a little girl, she acted like a little girl. She was much younger than us. Cassie was having conversations with her… Gina was a problem, yes". She's asked if Combs's relationship with Gina "lasted for years and years and years" and if Combs "was romantic with Gina at the same time he was with Cassie". "Correct," she answers. 19:13:04 Combs was 'jealous' of Michael B Jordan Staying on the theme of jealousy, Marc Agnifilo asks if Combs's jealousy was a source of stress, and if the rapper "would be jealous and act up". Morgan says yes. Asked if she remembered Cassie dancing with rapper Chris Brown, and if Combs was angry about it, Morgan says she doesn't recall Cassie dancing with Brown. Agnifilo then asks if Combs was jealous about actor Michael B Jordan, who Cassie mentioned in her testimony last week. Morgan says: "I remember she started talking to Michael B Jordan before she went to South Africa, and I remember them not being together when she went there to film a movie." While she says she can't confirm if Cassie was in a relationship with Jordan, as she says she never saw them together, Morgan confirms: "What I remember was that she was speaking to Michael B Jordan and they hung out together and [Combs] was jealous of it." 19:10:18 Cassie 'jealous' of Diddy's former partner Kim Porter, Morgan claims Now, Kerry Morgan is asked about Kim Porter, one of Sean Combs's former partners, and mother to three of his children. When asked if Cassie was jealous of Porter, Morgan says: "I'm sure. Yes, she was jealous because she could never go to New Year's Eve parties." 18:47:41 Cassie's former best friend is cross-examined Kerry Morgan is now back on the stand and is being cross-examined by Marc Agnifilo, lead counsel for Combs's defence. He establishes that she was best friends with Cassie between 2001 and 2018 and that they first met on a modelling job when they were both still in high school. Morgan confirms Cassie's modelling career was already going well, confirming she'd been paid a quarter of a million dollars for one modelling shoot. 18:23:15 The court is now back in session The court is now in session again, with the judge and the lawyers discussing a few details ahead of the jury coming back into the room. They are talking about establishing the credibility of the current witness, Kerry Morgan, and if that would mean re-calling Cassie to the stand. The prosecution say it's unlikely Cassie, who is over eight-and-a-half month pregnant, would be available to be recalled. 17:50:59 Court pauses for lunch The New York court is now taking a lunch break and will reconvene at 6.05pm UK time. 17:50:41 Combs 'hit me with a wooden coat hanger' leaving me with 'concussion' Morgan says Combs assaulted her once, when she was with Cassie at her home. She says they were listening to her music, and Cassie got up to go to the bathroom, at which point she says Combs came in. She Combs "came up behind me and choked me and left finger marks on my neck and hit me in the head with a wooden coat hanger". She says the hanger hit her behind her right ear and left her with concussion. Morgan says while the attack was taking place, Combs was talking about "who Cassie was cheating on him with". She says she gathered her belongings and left, adding: "I was dizzy, I vomited a few times. I went to an urgent care facility. I hired a lawyer about the assault. I was planning on filing a lawsuit, but I did not." Asked if she received money, she confirms she received $30,000 from Combs. She says her friendship with Cassie ended that night, explaining: "Cassie said I was milking it and over exaggerating. I signed an NDA, we haven't spoken since." She says she last spoke to Combs on the night of the alleged assault, and last saw Cassie when she signed the NDA. She confirms she has no other lawsuits pending. 17:37:50 'Guttural screams' and a golf cart chase Kerry Morgan goes on to discuss the second incident, which she says took place during a holiday in Jamaica, which she says Combs joined halfway though. She says she was in the bar area when she heard "guttural, terrifying" screaming. She explains that Cassie had gone to the bathroom, but that after a few minutes Combs had gone to find her saying she was "taking too long". She says she then went into the hallway and saw Combs dragging Cassie from the master bedroom by her hair. "I saw him push her on the ground and she hit her head on the brick, she didn't move, I thought she was knocked out," Morgan says. She says she and Combs began yelling at each other and while they were arguing "Cassie got up and ran". She then describes a golf cart chase ensuing, saying: "I got in one golf cart and [Combs] got in another and we went different ways to find her." She says: "I found her, and we turned the lights out, we hid in a ditch and were whispering because you could hear Sean going back and forth, going around the community. It felt like hours. She had a really big bump on her forehead. I'm not sure if she got medical attention." Morgan says she also witnessed Combs being violent to Cassie on other occasions. She says Cassie did not want the police involved, and also told her she couldn't leave Combs "because of her job, her car, her apartment". 17:20:53 'I saw him push her' Morgan says she twice witnessed Combs physically assault Cassie, and that he was not intoxicated or high on either occasion. She describes the first incident, which she says took place in a rented house in the Hollywood Hills. Morgan says she was in the front foyer with Ruben, one of Combs's security guards, while Combs and Cassie were in the master bedroom. She says: "I saw him push her, pretty sure he hit her or kicked her, she didn't do anything in response. I was upset, and I said to Ruben, 'do something,' and he responded that he wasn't going to do anything." She says she and Cassie then hid at a neighbour's house, lying face down on the stairs for 20 to 30 minutes, while Combs drove around looking for them. She says eventually Cassie returned to the house.
Time Business News
15-05-2025
- Business
- Time Business News
Strategic Advantages of Qualified Settlement Funds in Litigation
In the intricate world of litigation, administering settlement funds efficiently and equitably is a formidable challenge. Qualified Settlement Funds (QSFs) have emerged as a strategic solution, offering tax deferral benefits and FDIC protection. Eastern Point Trust Company, a leader in QSF administration services, provides tailored solutions to ensure seamless settlement management. This comprehensive guide explores the strategic advantages of QSFs, their applications in mass tort litigation and class actions, and Eastern Point Trust's pioneering implementation for legal professionals, claimants, and defendants. The often asked question – What is a Qualified Settlement Fund – starts with a statutory trust established under Section 468B of the Internal Revenue Code is a trust fund designed to hold settlement funds in a tax-preferred account. QSFs separate defendants from ongoing settlement administration, allowing claimants to resolve liens, plan tax strategies, and negotiate terms. By centralizing funds, QSFs ensure compliance with court orders and IRS regulations, making them indispensable in complex litigation. Eastern Point Trust's QSF solutions provide FDIC-insured accounts and expert oversight, ensuring funds are protected and distributed equitably. For example, in a mass tort case involving defective medical devices, a QSF holds millions in settlement funds while attorneys resolve medical liens and allocate payments to hundreds of claimants. Eastern Point Trust's QSF administration ensures each step is transparent and compliant, reducing disputes and delays. QSFs centralize settlement funds, simplifying distribution to multiple claimants and resolving disputes or liens. In class action lawsuits, where claimants have diverse claims, QSFs ensure equitable allocations. This streamlined process is critical in complex litigation, where administrative errors can lead to costly delays. One of the most compelling advantages of QSFs is tax deferral. Claimants are not immediately taxed on settlement funds, allowing time for strategic tax planning to minimize liabilities. For instance, a claimant receiving a $1 million settlement can defer taxes until the funds are distributed, potentially spreading the income over several years to reduce their tax bracket. However, interest earned in the QSF may be taxable, requiring expert oversight. Eastern Point Trust's QSF administration guides clients to maximize QSF tax deferral benefits while ensuring IRS compliance. QSFs provide plaintiffs with time to negotiate settlement terms, structure payments, or resolve outstanding issues like liens. This flexibility strengthens their position in mass tort litigation or class actions, where terms vary widely. For example, in an environmental mass tort, a QSF allows attorneys to negotiate structured payments for long-term medical care, supported by Eastern Point Trust's QSF administration to ensure funds avoid taxation during negotiations. Defendants benefit by transferring settlement funds to a QSF, securing a release from liability and potential tax deductions. This distances them from administrative complexities, such as managing multiple claimant payments. For instance, a corporation settling a class action can transfer funds to a QSF, claim a deduction, and avoid ongoing liability, all facilitated by Eastern Point Trust's expertise. In class action lawsuits, QSFs manage settlement funds for diverse claimants, ensuring equitable distribution. For example, in a consumer fraud case, a QSF allocates funds to thousands of plaintiffs based on their losses. Eastern Point Trust's QSF administration ensures transparency, provides time to resolve liens, and complies with court orders, minimizing disputes and ensuring fairness. Mass tort litigation, such as cases involving defective products or environmental disasters, involves numerous plaintiffs with unique needs. QSFs organize these complex settlements, addressing individual considerations like medical expenses or lost wages. Eastern Point Trust's UCC and bankruptcy lien identification, as well as QSF services, streamline distributions, ensuring each claimant's settlement is handled efficiently. For instance, in a pharmaceutical mass tort, a QSF manages funds while resolving Medicare liens, with Eastern Point Trust overseeing compliance. In multi-party disputes, QSFs provide a structured approach to administering settlement funds, balancing the interests of all parties. Whether involving multiple defendants or co-plaintiffs, QSFs ensure fair distributions. Eastern Point Trust's QSF solutions support these cases by maintaining secure and transparent fund administration, thereby reducing the risk of conflicts. To leverage QSFs effectively, legal professionals should adopt the following best practices: Early Planning and Consultation : Engage Eastern Point Trust early in the litigation process to design a Qualified Settlement Fund that meets the legal, financial, and claimant needs. Early planning ensures court approval and compliance with IRS regulations, ultimately facilitating a seamless settlement process. : Engage Eastern Point Trust early in the litigation process to design a Qualified Settlement Fund that meets the legal, financial, and claimant needs. Early planning ensures court approval and compliance with IRS regulations, ultimately facilitating a seamless settlement process. Transparent Communication : Maintain open dialogue with claimants, attorneys, and administrators to build trust and clarity. Eastern Point Trust provides regular updates and dashboards to keep stakeholders informed. : Maintain open dialogue with claimants, attorneys, and administrators to build trust and clarity. Eastern Point Trust provides regular updates and dashboards to keep stakeholders informed. Compliance and Oversight: Adhere to IRS and court requirements, including obtaining a tax identification number and filing annual returns. Eastern Point Trust's QSF administration ensures diligent oversight, mitigating compliance risks. Eastern Point Trust is a trusted leader in QSF administration services, offering unparalleled expertise for mass torts, class actions, and multi-party disputes. Their secure, FDIC-insured accounts protect settlement funds, while their administration services ensure equitable distributions. With a proven track record of compliance and efficiency, Eastern Point Trust empowers legal professionals to navigate complex litigation with confidence. Their tailored QSF solutions address the unique needs of each case, from tax planning to court approval. For example, Eastern Point Trust administered a QSF for almost 500 claimants and distributed funds within six months. Their expertise ensured compliance, transparency, and claimant satisfaction, demonstrating the value of professional QSF administration. Some legal professionals may hesitate to use Qualified Settlement Funds due to misconceptions about their complexity or cost. However, QSFs are highly flexible and cost-effective when managed by experts like Eastern Point Trust. They simplify administration, reduce disputes, and provide tax deferral benefits that outweigh setup costs. Additionally, QSFs are not limited to large cases—single-plaintiff settlements can also benefit from escrow protection and tax planning. Eastern Point Trust's streamlined processes make QSFs accessible for cases of all sizes. Qualified Settlement Funds are transformative tools for resolving complex litigation, offering tax deferral benefits and protection. From mass tort litigation to class action lawsuits, QSFs ensure efficient, equitable outcomes for claimants and defendants. Eastern Point Trust's QSF administration services set the standard for excellence, providing secure fund management, compliance expertise, and tailored solutions. To optimize your settlement process, contact Eastern Point Trust at or explore their QSF resources today—partner with Eastern Point Trust to unlock the full potential of QSFs in your next case. TIME BUSINESS NEWS
Malaysian Reserve
21-04-2025
- Business
- Malaysian Reserve
CIRO to Hold a Settlement Hearing for Christopher Meehan
VANCOUVER, BC, April 21, 2025 /CNW/ – A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Mutual Fund Dealer Rules to consider a settlement agreement between CIRO Enforcement Staff and Christopher Meehan. The hearing will become open to the public if the panel accepts the settlement agreement. If the settlement agreement is accepted, the panel's decision and the settlement agreement will be made available at Settlement Hearing Date: April 28, 2025 at 10:00 am (PT) Location: Vancouver, British Columbia (by videoconference) Members of the public who would like to obtain further particulars should fill out this form. The Notice of Settlement Hearing announcing the settlement hearing is available at: Meehan, Christopher – Notice of Settlement Hearing At all material times, Christopher Meehan conducted business in the Abbotsford, British Columbia area with Assante Financial Management Ltd. (Assante). Christopher Meehan continues to be registered as an Approved Person with Assante. The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322. CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms. All other Inquiries: Complaints & InquiriesSecure form Email to info@ (Canada/US) 1-877-442-4322
