@cyaxrex In 2016, Nokia sued Apple for patent infringement, claiming that Apple has relied on its patents related to software, video coding, chipsets, display, UI and antenna for years dating back to the release of the iPhone 3GS, TechCrunch reported. The companies settled for an undisclosed amount in May 2017, but Nokiamob reported that Apple ended up paying Nokia a whopping $2 billion.
In 2008, Airborne agreed to pay $23.3 million to refund customers who bought the product, though the company did not admit to any wrongdoing,
Dannon was ordered to pay up to $45 million in damages to consumers under the terms of a class-action lawsuit that was settled in 2010
Energy company Enron collapsed in 2001 after its fraudulent accounting practices came to light. Then, in 2008, the company made history for being at the center of the largest settlement of a U.S. securities fraud case. As part of the settlement, Enron shareholders and investors were entitled to split more than $7.2 billion
Department of Justice ordered the drug company to pay $3 billion as part of a criminal and civil case.
In 1992, 79-year-old Stella Liebeck of Albuquerque, N.M., sued McDonald’s after the fast food chain’s coffee caused severe burns when she accidentally spilled some onto her lap. Liebeck offered to settle the claim for $20,000, but McDonald’s chose to fight it. During the trial, it came to light that McDonald’s was serving their coffee at a potentially dangerous temperature — between 180 and 190 degrees — while most other fast food restaurants serve coffee in the range of 135 to 140 degrees.
Liebeck was awarded $200,000 in compensatory damages and $2.7 million in punitive damages.
Philip Morris is the company behind some of the most well-known cigarette brands, and it’s one of the cigarette manufacturers that was sued by several U.S. states to recover the costs incurred to treat sick and dying cigarette smokers. The Master Settlement Agreement was reached in 1998, and it required the tobacco industry to pay the settling states billions of dollars annually forever, and imposed restrictions on the sale and marketing of cigarettes by the participating manufacturers. In Fiscal Year 2019, the participating states will collect $27.3 billion from the settlement and taxes.
Philip Morris has since re-branded itself to PMI, and is now focusing on the development and sales of its smoke-free tobacco products.
It turns out Red Bull does not give you wings. Benjamin Careathers filed a class-action lawsuit against Red Bull in 2013, alleging that the company’s claims that the energy drink increased performance, concentration and reaction speed were misleading. The company was ordered to pay $13 million in a settlement,
Splenda was sued by its rival Equal over claims that Splenda was misleading consumers into believing its product was more natural and healthier than other artificial sweeteners by using the slogan, “Made from sugar so it tastes like sugar.” Although the active ingredient in Splenda begins as pure cane sugar, it is chemically altered in the process and the end product contains no sugar. Merisant Co., which makes Equal, was seeking over $200 million in damages from Splenda’s parent company, McNeil Nutritionals.
Visa and MasterCard
After 13 years of litigation, in 2018 Visa and MasterCard agreed to pay up to $6.2 billion as part of a class action lawsuit brought on by U.S. retailers over unfair swipe fees.
…And many more.
I think they might care after these happen to them.
taken from finance. yahoo. com