But really, Feinberg picked up the phone that day for the same reason Americans yield to their instinct to give money to those felled by spectacularly unkind fates: He felt helpless but wanted to help, and his version of helping was to volunteer for one of the worst jobs in the world. Hagel placed a call to Attorney General John Ashcroft, and after a series of backroom discussions, Ashcroft appointed Feinberg the special master of the September 11th Victim Compensation Fund, working pro bono, as he almost always does on behalf of the dead.
That work and the work that has followed it, his growing collection of aftermaths, have changed him. He has become smarter, humbler, more acute, more uniquely fitted to his task. Virginia Tech, the Deepwater Horizon, Newtown, Boston—he managed each of those horrors, and each was managed better because of what he has learned. But all of them were shaped, because he was shaped, by September 11.
Kenneth Feinberg: The Nation's Leading Expert in Picking up the Pieces [more inside]
posted by the man of twists and turns
on Dec 29, 2013 -
Another class action suit, another lousy settlement.
Are or were you a member of Netflix? Sign up for your benefits under the class action settlement, and receive a free upgrade (or for former members, a free month) of service. That is one whole extra DVD at a time per month. Doesn't sound so hot? It gets better. The next month, they'll keep you on the upgraded plan and raise your bill to match it! Class action settlement, or class action fleecing?
posted by jmccorm
on Nov 2, 2005 -
As Attorney General for the State of North Dakota, I am pleased to enclose payment for your claim in the settlement of the Compact Disc Minimum Advertised Price Antitrust Litigation.
Checks have gone out to people who "purchased prerecorded Music Products, consisting of compact discs, cassettes and vinyl albums, from one or more retailers during the period January 1, 1995, through December 22, 2000." Mine was for $13.86. I think I'll go buy an indie CD.
posted by travis
on Feb 24, 2004 -
Big Business As Usual.
"In announcing their record settlement with 10 Wall Street firms
accused of misleading investors with bogus recommendations, [the Securities and Exchange Commission] also released new e-mail records showing stock experts chortling about how they were making out like bandits at the expense of the average investor", and revealed troubling insights into the way Wall Street really works:
"Merrill Lynch initiated coverage of LFMN on September 28, 2000 with a 2-1 [10-20% appreciation forecast short term, 20% appreciation forecast long term], when LFMN traded at $22.69. At that time, Merrill Lynch was pursuing an investment banking relationship with LFMN.
After Merrill Lynch initiated research coverage, LFMN's price declined to the....$3-5 range in December. On December 4, 2000, Blodget e-mailed a fellow analyst,'LFMN at $4. I can't believe what a POS [piece of shit] that thing is. Shame on me/us for giving them any benefit of doubt.' Merrill Lynch's research report on LFMN dated December 21, 2000, [reiterates] a 2-1 rating..."
And the "record settlement" with these common swindlers in three piece business suits from our brave SEC? For Wall Street, Fines Are A Day's Pay.
posted by fold_and_mutilate
on May 7, 2003 -
I made my claim.
Have you? This Web site was established to provide information about a proposed Settlement of lawsuits brought by Attorneys General of 43 states, Commonwealths and Territories, and by counsel for the Plaintiff Settlement Class entitled In re: Compact Disc Minimum Advertised Price Antitrust Litigation. You may be a member of the Settlement Group and your rights against Defendants may be affected if you are a person or entity that purchased these prerecorded Music Products from a retail store during the period of January 1, 1995 through December 22, 2000.
posted by Witty
on Jan 7, 2003 -
Scientists will tell you that Hydrogen is the most common element in all of nature.
Me, I think the scientists have it all wrong. I think the universe is really made out of irony
posted by BentPenguin
on Mar 12, 2002 -
Microsoft signs consent decree
with the US government to settle antitrust case. Settlement is fair, reasonable and good for consumers; It is time now to focus on challenges ahead for the industry and Economy, says Gates.
posted by riffola
on Nov 2, 2001 -