Consumer Goods Giant 3M Fined More than $6.5 Million for Wooing Chinese Government Officials with Overseas Trips

The consumer goods company 3M agreed to pay more than $6.5 million to resolve charges that it violated the Foreign Corrupt Practices Act after its China-based subsidiary took Chinese government officials on overseas trips in an attempt to convince them to purchase 3M products, the U.S. Securities and Exchange Commission (SEC) said.

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Sandy Hook Families Reach Settlement with Gun Maker Remington: Reports

Nine families of victims of the 2012 Sandy Hook Elementary School mass shooting have reached a settlement in their case against the firearms maker Remington, according to several news reports Tuesday.

The settlement comes roughly seven years after the suit was filed, according to a court document filed Tuesday and reviewed by CNN.

Remington was the maker of the Bushmaster AR-15-style rifle used in the massacre in which the lone shooter killed 20 children and six adults in Newtown, Connecticut.

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Pennsylvania Borrowers to Receive $70 Million in Settlement With Navient

Pennsylvania student loan borrowers will receive over $70 million in relief as part of a national settlement with Navient, one of the nation’s largest student loan servicers.

Attorney General Josh Shapiro said Navient will provide $1.85 billion to resolve allegations of unfair, deceptive, and abusive loan servicing practices dating back more than a decade.

“Navient repeatedly and deliberately put profits ahead of its borrowers – it engaged in deceptive and abusive practices, targeted students who it knew would struggle to pay loans back, and placed an unfair burden on people trying to improve their lives through education,” Shaprio said in a statement.

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