Workflow
Lawsuit Settlement
icon
Search documents
YouTube agrees to pay Trump $24.5 Million to settle lawsuit over suspended account
CNBC· 2025-09-29 22:33
Core Viewpoint - YouTube has agreed to pay $24.5 million to settle a lawsuit related to the suspension of President Donald Trump's account following the January 6, 2021 Capitol riots, without admitting liability or fault [1]. Group 1: Legal Settlements - Trump initiated lawsuits against YouTube, Facebook, and Twitter in mid-2021 after the suspension of his accounts due to concerns over incitement of violence [2]. - Following Trump's return to the White House, tech companies have been settling disputes with him, with Meta agreeing to pay $25 million and Elon Musk's X (formerly Twitter) settling for approximately $10 million [3]. Group 2: Political Concerns - In August, several Democratic senators, including Elizabeth Warren, expressed concerns over a potential settlement with Trump, fearing it could be part of a quid-pro-quo arrangement that might violate federal laws [4][5].
PERMIAN BASIN ROYALTY TRUST ANNOUNCES SEPTEMBER CASH DISTRIBUTION, EXCESS COST POSITION ON WADDELL RANCH PROPERTIES AND SETTLEMENT OF LAWSUIT
Prnewswire· 2025-09-19 12:00
Core Viewpoint - Argent Trust Company, as Trustee of the Permian Basin Royalty Trust, declared a cash distribution of $0.115493 per unit, payable on October 15, 2025, which includes a settlement payment from Blackbeard Operating, LLC, but excludes proceeds from the Waddell Ranch properties due to excess production costs [1][2][10]. Distribution Details - The cash distribution increased from the previous month primarily due to the first settlement payment from Blackbeard Operating LLC, alongside higher natural gas volumes and oil prices from Texas Royalty Properties, despite lower oil volumes and natural gas pricing [2][8]. - The total distribution amount is $5,383,005, distributed among 46,608,796 units outstanding [8]. Waddell Ranch Properties - No proceeds were received from the Waddell Ranch properties for August 2025, leading to a continuing excess cost position that must be recovered before any future distributions can occur [4][10]. - Blackbeard provides production, pricing, and cost information quarterly, which will be disclosed in the Trust's quarterly and annual reports [4][7]. Texas Royalty Properties - Production for Texas Royalty Properties was 15,856 barrels of oil and 12,275 Mcf of gas, with the Trust's allocated portion being 13,944 barrels of oil and 10,800 Mcf of gas [5][6]. - The average price for oil was $65.76 per barrel and for gas was $6.65 per Mcf, resulting in revenues of $1,124,318 after deducting taxes and expenses [5][6]. Settlement with Blackbeard - The settlement agreement with Blackbeard includes a total payment of $9 million, with $4.5 million already paid and the remainder to be paid in quarterly installments of $1,125,000 during 2026 [11][12]. - The agreement also establishes overhead rates and allows Blackbeard to pass through certain charges, while the Trust retains the option for annual site audits [12]. Market Conditions - Worldwide market conditions continue to impact pricing for domestic production, making it challenging to predict future distributions [9].
Delta will payout $79M to settle lawsuit after jetliner dumped fuel on schools
New York Post· 2025-08-29 21:34
Core Points - Delta Air Lines has agreed to pay $79 million to settle a class-action lawsuit related to a fuel dumping incident over Los Angeles in January 2020 [1][9] - The incident involved a Boeing 777-200 that had to return to Los Angeles shortly after takeoff due to engine trouble, resulting in the dumping of 15,000 gallons of fuel [2][4] - The lawsuit was initiated by teachers and homeowners affected by the fuel dumping, who reported minor health issues and emotional distress [3][9] Incident Details - The Delta jet was en route from Los Angeles to Shanghai when it experienced a loss of thrust in one engine shortly after takeoff [4] - To safely land, the aircraft had to dump fuel to reduce its weight, which exceeded the maximum landing weight by approximately 160,000 pounds [4][8] - Firefighters examined nearly 60 schoolchildren and teachers for minor irritations, but none required hospitalization [2] Legal and Financial Implications - Delta's settlement was reached without an admission of liability, aimed at avoiding the costs associated with a trial and minimizing distractions to its business operations [9] - The incident raised concerns about the risks associated with overweight landings, which can lead to expensive repairs and operational disruptions for airlines [6]
Trump says ‘60 Minutes' lawsuit settlement is more than double the $16M that Paramount claims
New York Post· 2025-07-07 16:13
Core Points - President Trump claims his settlement with Paramount Global is valued at over $32 million, which is more than double the company's stated figure of $16 million [1][3][4] - The settlement includes a side deal for public service announcements (PSAs) valued between $15 million and $20 million, promoting causes supported by Trump [2][15] - Paramount has denied any connection between the settlement and the pending $8 billion merger with Skydance Media, asserting that the settlement does not include PSAs [8][4] Company Details - The settlement covers payments for Trump's future presidential library and legal fees, with "60 Minutes" agreeing to release interview transcripts after airing [7][10] - Paramount's initial offer was $15 million, which was later negotiated down from Trump's original demand of $100 million to around $50 million [11] - High-level negotiations included pressure from Paramount's controlling shareholder, Shari Redstone, to settle the dispute to avoid potential legal costs [13][14]