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Archer: Technology companies like Google and Apple have millions of customers that could potentially use Android Pay or Apple Pay on their mobile devices but payments still flow through the established payment networks for settlement.
The word "payment" is substituted for "settlement" for consistency.
Bank of America disclosed that the payment for the latest settlement would come from its litigation reserves, including an additional $1.6 billion it is adding this quarter to cover the costs of its litigation.
According to Legal Planet, under the 1990 Oil Pollution Act, passed after the Exxon-Valdez incident, the responsible company is required to "to establish a process for 'the payment or settlement of claims for interim, short-term damages' that might encompass an escrow and independent decision-makers".
ConAgra set aside $25 million for settlement payments in its fiscal fourth quarter.
An estimated 1.7m US households could qualify for settlement payments.
That eliminates the need for settlement payments entirely.Some of the same countries also now allow a practice called "international simple resale" (ISR).
A. It would have been imprudent for Microsoft not to have been mentally accruing for settlement payments of something around $1 billion.
NEW ORLEANS — Under a new formula announced on Wednesday by Kenneth R. Feinberg, the administrator of the $20 billion fund set up by BP for victims of the 2010 oil spill, shrimp and crab fishermen along the Gulf Coast may be eligible for settlement payments significantly larger than what they were previously offered.
over the extent to which lawmakers should foot the bill for settlement payments.
It should be agencies' standard practice to bar tax breaks for settlement payments -- that will put the onus on corporate wrongdoers to convince agencies that they deserve a tax break for their settlements, not the other way around.
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CEO of Professional Science Editing for Scientists @ prosciediting.com