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Compensation News

German court rejects suit over Pakistan factory fire

Frankfurt Am Main - A German court Thursday threw out a lawsuit by Pakistani plaintiffs against clothing retailer KiK over a deadly 2012 fire at a Karachi garment factory, saying the statute of limitations had expired.

Fukushima operator told to compensate for suicide of 102-year-old

Toukyo - A Japanese court on Tuesday ordered the operator of the crippled Fukushima nuclear plant to compensate relatives of a 102-year-old man who killed himself at the prospect of fleeing his home.

Canada apologizes, pays damages to former Guantanamo detainee

Montr - The Canadian government on Friday issued an official apology and paid damages to a former Guantanamo detainee who was captured in Afghanistan at the age of 15 and had pleaded guilty to killing a US soldier.

Canada to award millions to former Guantanamo inmate: reports

Montr - Canada is set to apologize and award millions of dollars of compensation to a former Guantanamo detainee who was captured in Afghanistan at the age of 15 and pleaded guilty to killing a US soldier, reports said Tuesday.

You may be owed $10 for owning a PC with a DVD drive

You could be owed $10 in compensation for owning a computer with a DVD drive over a decade ago. Residents of several American states can claim free money after a price fixing lawsuit was settled by major DVD drive manufacturers.

Turkish PM retracts compensation offer for downed Russia jet: media

Ankara - Turkish Prime Minister Binali Yildirim on Tuesday went back on an earlier offer of compensation to Russia for shooting down one of Moscow's military jets in November, media reported.

British firm's Korean unit apologises over poison deaths

Seoul - The head of a Korean subsidiary of a British consumer goods company was slapped and shouted down Monday as he apologised for his firm's role in selling a humidifier disinfectant blamed for more than 100 deaths in South Korea.

U.S. Iran hostages compensated decades after ordeal

Washington - The 53 Americans taken hostage in Iran in 1979 will get financial compensation that had eluded them for decades after US lawmakers included a payment provision in sweeping spending legislation.

CFOs are closing the wage gap with CEOs

Chief financial officers are starting to close the wage gap with their CEO counterparts. According to the study, CEO compensation from 2013 to 2014 grew by a relatively small 0.7 percent, while CFO compensation increased by a larger 4.9 percent.

Amsterdam to repay Jews fined for late rents in WWII

Den Haag - Amsterdam will refund relatives of hundreds of Jews who were fined for being late with their rent during their incarceration in World War II concentration camps, city officials said Friday.

Apple could lose $500m as patent in Samsung lawsuit ruled invalid

The United States Patent & Trademark Office has ruled that a patent held by Apple on the design of the iPhone 3GS is actually invalid. The decision will prove critical in the company's lawsuit against Samsung, alleged to have infringed on Apple's patents.

Germanwings crash victims' families plan US lawsuit: report

Berlin - Relatives of victims of the Germanwings crash in the French Alps hope to take their compensation claims against parent company Lufthansa to a US court, their lawyer said Sunday.

Unidentified Germanwings remains buried quietly before ceremony

Le Vernet - Unidentified remains from the 150 victims of the Germanwings flight that crashed in the French Alps in March were buried quietly overnight ahead of a ceremony for families on Friday.

Lufthansa defends treatment of Germanwings crash bereaved

Berlin - Lufthansa Tuesday defended its treatment of families of victims of the Germanwings crash in the French Alps, saying its compensation offer had gone "well beyond" what was required by law.

Families of Germanwings victims hold out for higher compensation

Berlin - Families of Germans killed in the crash of a Germanwings jet in the French Alps have turned down the airline's compensation offer, demanding a higher amount of at least 100,000 euros, their lawyer said Saturday.

Compensation for Fukushima evacuees to end by 2018

Tokyo - The Japanese government has instructed Tokyo Electric Power Company (TEPCO) to terminate compensation payments to nearly 55,000 evacuees forced from their homes in March 2011 because of the Fukushima nuclear power plant disaster.

Chicago agrees $5.5 mn payout for police torture victims

Washington - The Chicago city council approved a $5.5 million reparations package for dozens of men -- most of them African-American -- who were tortured by police between 1972 and 1991, the Chicago Tribune reported.

Germanwings offers families initial aid of 50,000 euros

Berlin - Germanwings has offered the families of the victims of the French Alps air disaster "up to 50,000 euros ($54,806) per passenger" towards their immediate costs, a spokesman said Friday.

Mother of undercover policeman's child gets £425,000 award

London - A UK police force will pay compensation of £425,000 ($682,000) to a woman impregnated by an undercover police officer and who subsequently gave birth.

Yemen pays $1 million to families of U.S. drone victims

Sanaa - The Yemeni government has paid out more than $1 million U.S. to relatives of victims of a U.S. drone strike. Documents verifying the payments show that there was evidence that many casualties were civilians with no Al Qaeda connections.

UN condemns Spain for negligence in murder of 7 year old girl

Madrid - The United Nations blamed the Spanish State of failing to protect a 7-year-old girl who was killed by her father. The UN condemned Spain to compensate the mother, to investigate the failures causing the tragedy, and to report on actions taken to comply.

Woman arrested by two agents for buying water gets compensation

In 2013, student Elizabeth Daly walked into a supermarket in Virginia to buy some sparkling water. What happened that day would prove to be a nightmare after she was arrested by ABC agents, who thought she had just purchased beer.

Primark to pay $10 million more to victims of Bangladesh factory collapse

British clothes retailer Primark will pay a further $10 million in compensation to victims of the collapse of a Bangladeshi factory last year that killed more than 1,100 people.

Boeing CEO McNerney earns $23.3 million in 2013

Boeing Co's <BA.N> Chief Executive W. James McNerney earned $23.3 million in 2013 compared with $27.5 million in 2012, as the value of his pension was unchanged last year.

Lockheed CEO Hewson earned $25.2 million in 2013

Weapons maker Lockheed Martin Corp <LMT.N> paid Chief Executive Marillyn Hewson $25.2 million in 2013, more than doubling her compensation in her first year in the job, according to a regulatory filing.

UBS chief's pay rises by a fifth as metals probe revealed

UBS <UBSN.VX> hiked Chief Executive Sergio Ermotti's pay by more than a fifth in 2013, when the Swiss bank added probes into its metals trading and foreign exchange businesses to a long list of le...

Activision CEO Kotick gets $7.9 million cash bonus for 2013

Activision Blizzard Inc's chief executive, Robert Kotick, was awarded a cash bonus of $7.9 million for 2013 as part of the videogame publisher's incentive plan, according to a regulatory filing on Tuesday.

GE ends freebie dividends on executives' unvested stock

General Electric Co <GE.N> said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held per...

Citi CEO Corbat gets $14.1 million in 2013

Citigroup Inc <C.N> Chief Executive Michael Corbat received a 23 percent pay rise in 2013, his first full year after replacing Vikram Pandit at the helm, a regulatory filing on Thursday showed.
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