3M settles litigation for $850 million

3M Co. has settled a lawsuit with Minnesota’s Attorney General Lori Swanson for $850 million. The state had sought $5 billion for natural resources damage and human health problems it said were linked to a chemical formerly used in Scotchgard. “The funds will be used to finance projects which involve drinking water and the water …

Japanese man wins sole custody of 13 surrogacy children

A wealthy Japanese man at the centre of a “baby factory” scandal in Thailand has won sole parental rights to 13 children he fathered through Thai surrogate mothers. Mitsutoki Shigeta, 28, reportedly wanted a large number of children so they could inherit his fortune in the future. The court ruling on Tuesday means he will …

This Week In Securities Litigation

Each SEC Commissioner joined a statement saying “Thank you Jacob” and fair well to perhaps the longest tenured staff member at the agency, Jacob Stillman. Jake joined the staff in 1962 and served in various capacities for 55 years. For 17 years he served as Solicitor. The Division of Enforcement announced a new self-reporting — …

Okada Manila and Wynn Litigation Lead to $125.4 Million Loss for Universal Entertainment Corp

Japan’s Universal Entertainment Corporation posted a net loss of $125.4 million for the first three-quarters of the financial year, somewhat short of the $141 million profit it predicted in May 2017. It’s been a tough year for Kazuo Okada and Universal Entertainment, the company he founded and which ousted him from the board over the …