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Michael Cohen settles his lawsuit against the Trump Organization over unpaid legal bills

Donald Trump’s company and his former longtime lawyer and fixer Michael Cohen have settled a lawsuit over Cohen’s claims he was unfairly stuck with big legal bills after getting entangled in investigations into the former president NEW YORK -- Donald Trump's company and his former longtime lawyer and fixer Michael Cohen have settled a lawsuit over Cohen's claims that he was unfairly stuck with big legal bills after getting entangled in investigations into the former president. Lawyers for the two sides told the judge they had reached a settlement during a video conference Friday in Manhattan, just as Cohen’s 2019 lawsuit was slated to go to trial Monday in a state court. Details of the agreement were not made public. Cohen said Friday the matter "has been resolved in a manner satisfactory to all parties.” Messages seeking comment were left with lawyers for Trump’s company, the Trump Organization. Cohen claimed in his lawsuit that the Trump Organization had promised to pa...

Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss

A huge opioid settlement dragged Walgreens to a $3.7 billion loss in its fiscal first quarter, but the drugstore chain still beat Wall Street forecasts A huge opioid settlement dragged Walgreens to a $3.7 billion loss in its fiscal first quarter, but the drugstore chain still beat Wall Street forecasts. The company also reaffirmed its earnings forecast for the new year. Walgreens said Thursday that it recorded a $5.2 billion, after-tax charge in the quarter that ended Nov. 30 for opioid-related litigation. Walgreens and rival CVS Health Corp. finalized last month a settlement with state and local governments to resolve lawsuits related to opioid abuse. Opioids have been linked to more than 500,000 deaths in the U.S. in the past two decades. Drugstores were subject to claims that they should have realized they were filling too many opioid prescriptions. Not counting that charge, Walgreens adjusted earnings totaled $1.16 per share in the quarter. Sales slipped less than 2% to $33.4 bil...