UC, WorldCom reach settlement (Structured settlement company)

UC, WorldCom reach settlement
The University of California announced a $13.25 million settlement Thursday in its first recovery of funds from the collapse of WorldCom Inc. UC said it will receive $13.25 million from Citigroup Inc. and Citigroup Global Markets, its first settlement in a case that began in February 2003. One defendant remains: the Arthur Andersen accounting firm.
Source: www.mercurynews.com

Judge OKs bus driver settlement
U.S. District Judge Todd Campbell Friday approved a $68,000 settlement that will require the Clarksville-Montgomery County School System to pay 79 bus drivers and bus aides a total of $860 each within the next 10 days.
Source: www.theleafchronicle.com

Man must split inherited farm
PIERRE, S.D. (AP) -- A Yankton man who inherited a 389-acre farm that had been in his family for more than a century must give half of it to his ex-wife as part of their divorce settlement, the South Dakota Supreme Court has ruled.
Source: www.siouxcityjournal.com

Senator urges regulators to reject Enron's settlement offer
DATELINE U-S. Senator Maria Cantwell urged the federal goveernment to reject a two-point-three (M) million dollar settlement reached with the embattled Houston-based Enron Corp. over allegations the company cheated Northwest businesses and utilities.
Source: www.team4news.com

Palestinians forage for survival in ruins of Gaza settlement
NEVE DEKALIM, Gaza Strip -- Mohammed Laham stands knee-deep in dirt, scavenging through the ruins of Israel's largest Gaza Strip settlement looking for something -- anything -- to sell.
Source: www.dfw.com

AOL Ad Revenue Class Action Suit Settled for $2.6 Billion
A judge has approved a $2.65 billion (euro2.18 billion) class-action settlement of claims that advertising revenue was counted in a fraudulent manner prior to the merger of America Online Inc. and Tim
Source: www.insurancejournal.com