Latest news with #settlement
Yahoo
an hour ago
- Politics
- Yahoo
Trump says received $16 million payment after Paramount lawsuit settlement
(Reuters) -U.S. President Donald Trump said CBS parent company Paramount paid $16 million on Tuesday as part of a lawsuit settlement and that he expects to receive $20 million more. Paramount earlier this month agreed to settle a lawsuit filed by Trump over an interview with former Vice President Kamala Harris that the network broadcast in October. "We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount... Paramount/CBS/60 Minutes have today paid $16 Million Dollars in settlement, and we also anticipate receiving $20 Million Dollars more from the new Owners," Trump said in a post on Truth Social. Sign in to access your portfolio
Reuters
an hour ago
- Politics
- Reuters
Trump says he received $16 million payment after Paramount lawsuit settlement
July 22 (Reuters) - U.S. President Donald Trump said CBS parent company Paramount (PARA.O), opens new tab paid $16 million on Tuesday as part of a lawsuit settlement and that he expects to receive $20 million more. Paramount earlier this month agreed to settle a lawsuit filed by Trump over an interview with former Vice President Kamala Harris that the network broadcast in October. "We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount... Paramount/CBS/60 Minutes have today paid $16 Million Dollars in settlement, and we also anticipate receiving $20 Million Dollars more from the new Owners," Trump said in a post on Truth Social.
Daily Mail
an hour ago
- Politics
- Daily Mail
BREAKING NEWS Trump scores $36MILLION in 'big win' settlement with CBS 60 Minutes over edited Kamala Harris interview
President Donald Trump announced Tuesday he had reached a settlement with CBS and Paramount triggered by a 60 Minutes interview with Vice President Kamala Harris. 'We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount,' Trump wrote on Truth Social. 'Just like ABC and George Slopadopoulos, CBS and its Corporate Owners knew that they defrauded the American People, and were desperate to settle.' Trump said that Paramount/CBS/60 Minutes paid $16 million in the settlement and anticipated an additional $20 million from the new owners of CBS in advertising, PSAs or similar programming. 'This is another in a long line of VICTORIES over the Fake News Media, who we are holding to account for their widespread fraud and deceit,' Trump wrote. 'The Wall Street Journal, The Failing New York Times, The Washington Post, MSDNC, CNN, and all other Mainstream Media Liars, are ON NOTICE that the days of them being allowed to deceive the American People are OVER. MAKE AMERICA GREAT AGAIN!'
The Guardian
2 hours ago
- Entertainment
- The Guardian
FKA twigs and Shia LaBeouf reach settlement over sexual battery lawsuit
FKA twigs has reached a settlement with Shia LaBeouf over her lawsuit for sexual battery. According to legal documents first obtained by Us Weekly, the English musician whose legal name is Tahliah Barnett, filed to end her lawsuit against her ex-boyfriend with prejudice, meaning she cannot refile the claims in the future. The 37-year-old singer sued LaBeouf in 2020 for sexual battery, assault and infliction of emotional distress, alleging a pattern of 'relentless' abuse. In the suit and in an interview with the New York Times, Barnett said LaBeouf, whom she dated from 2018 t0 2019 after meeting on the set of his semi-autobiographical film Honeyboy, knowingly exposed her to a sexually transmitted infection, attempted to strangle her and slammed her against a car. LaBeouf denied all allegations of wrongdoing. Barnett's lawyer, Bryan Freedman, and LaBeouf's lawyer, Shawn Holley, released a joint statement on the settlement: 'Committed to forging a constructive path forward, we have agreed to settle our case out of court. While the details of the settlement will remain private, we wish each other personal happiness, professional success and peace in the future.' The case had dragged on for years with little movement, with both sides going back and forth over the production of text messages and other evidence. It was originally scheduled to go to trial last year, but was postponed multiple times. In 2024, LaBeouf, 39, revealed that Barnett was seeking $10m, a number his team attempted to dismiss as excessive, citing Barnett's continued music career. In a statement, his lawyer also cited Barnett's role in the 2024 film The Crow, a modeling campaign for Calvin Klein and appearances in magazines such as Elle and British Vogue as evidence against the damages sought. At the time, Barnett's lawyer responded: 'While my client was led to believe that LaBeouf was on a path of taking responsibility and working a program, it is clear he intends his pattern of continuing to abuse the victim. 'Any suggestion that FKA Twigs' emotional distress should be discounted because of any career success is preposterous and discounts the idea that victims should have hope for the future,' he added. 'Logically, without the trauma that she has suffered, I can only imagine the level of success she would have achieved by now.' In a separate filing, her lawyer disputed LaBeouf's claim that the singer was thriving due to the success of her career. '[LaBeouf] argues that if [twigs] is working and making income, then she does not suffer from emotional distress. This is simply not true,' the filing read. 'A person's ability to make money, particularly how much money, is not correlated to a person's emotional distress damages.' In her interview with the Times, Barnett said she came forward publicly to show how even a critically acclaimed artist with money and a support network can experience domestic abuse. 'I'd like to be able to raise awareness on the tactics that abusers use to control you and take away your agency,' she said at the time. The Times also interviewed another former girlfriend of LaBeouf's, who described a similar pattern. Before the court case, LaBeouf responded broadly to the two women's stories: 'I'm not in any position to tell anyone how my behavior made them feel,' he said in an email to the New York Times. 'I have no excuses for my alcoholism or aggression, only rationalizations. I have been abusive to myself and everyone around me for years. I have a history of hurting the people closest to me. I'm ashamed of that history and am sorry to those I hurt. There is nothing else I can really say.' LaBeouf went on to star in Abel Ferrara's 2022 film Padre Pio, as well as Francis Ford Coppola's critically panned opus Megalopolis, released in 2024. This year, he appeared in the boxing drama Salvable. Barnett's latest album, Eusexa, was released in January. The Guardian described it as 'a hymn to the healing power of the dancefloor'.
Finextra
9 hours ago
- Business
- Finextra
CLS unveils redesigned CLSClearedFX service; LCH first CCP to go live
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces a redesign of its CLSClearedFX service, with LCH ForexClear as the first central counterparty (CCP) to go live on the service. 0 CLSClearedFX is a payment-versus-payment settlement service that allows CCPs and their clearing members to effectively mitigate settlement risk when settling cleared FX and derivative trades. The redesigned service leverages the existing CLSSettlement platform, enabling CCPs to connect and submit bilateral settlement instructions on behalf of their clearing members, integrating their flows into the main CLSSettlement session. This integration offers CCPs and their clearing members enhanced risk mitigation, significantly improved operational efficiencies, and greater liquidity benefits through a consolidated settlement model. They also benefit from CLSSettlement's resilient settlement model with robust failure management processes. LCH ForexClear has successfully transitioned to the redesigned CLSClearedFX service, integrating settlements of cleared deliverable FX contracts into the main CLSSettlement session. By joining this enhanced service, LCH ForexClear and its clearing members can eliminate the need for separate workflows and bifurcated funding, thereby reducing the costs associated with settling cleared trades. Tharidu Gamwara - Managing Director, Business Manager - Global Currencies and Emerging Markets Trading, J.P. Morgan said: 'CLSSettlement and LCH ForexClear are industry leading post-trade FX solutions. The operational efficiencies derived from both services will be advantageous to our business, offering multiple benefits that come from cleared FX trades being integrated in the main CLSSettlement session through CLSClearedFX.' Matthew May - Global Head of Market Structure and Non-Financial Risk - FX, EM Rates and Commodities, HSBC said: 'Mitigating risk in the FX market is a major area of focus for our business. As the largest financial market in the world, robust risk mitigation and capital optimization in our FX procedures are vital. With LCH ForexClear joining CLSClearedFX, the benefits of the two services together will be bringing additional efficiency to us and the wider market.' Andrew Cooper, Chief Services Officer, CLS said: 'CLS has created a more efficient service that will benefit central counterparties such as LCH ForexClear and its clearing members. Our redesigned service offering reflects the broader trend of financial institutions focusing on best practice in mitigating FX settlement risk and increasing efficiencies associated with centrally cleared trades. The new service demonstrates benefits we can offer to the wider FX marketplace by leveraging our unique position as a financial market infrastructure and collaborating with established service providers that share the same client base.' Andrew Batchelor, Head of ForexClear, LCH commented: 'LCH ForexClear was developed in response to customer demand for solutions that mitigate counterparty credit risk and provide improved financial resource efficiencies. ForexClear and CLS operating under the new redesigned service, will be instrumental in continuing to provide more efficient risk management in the global FX market. The synergy and robust affinities from joining the main CLSSettlement session via CLSClearedFX will enable us to better serve our clients.'
