VENTURE CAPITAL POST

American International Group Inc. (AIG) would get a hefty USD905 million settlement from Brookfield Asset Management to resolve a dispute tied to interest rate swaps.

Jesta Digital LLC would refund its clients and pay USD1.2 million to the Federal Trade Commission over claims that Jesta included unwarranted fees to consumers' cellphone bills.

The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.

Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.

Flagstar Bancorp Inc had agreed to pay $105 million to Assured Guaranty Ltd as settlement to a lawsuit against the bank for misrepresenting loan quality contained in $900 million of mortgage-backed securities.

Pharmaceutical giant Pfizer Inc. (PFE) announced it had reached a settlement worth $2.15 billion with Teva Pharmaceutical Industries Ltd. (TEVA) and Sun Pharmaceutical Industries Ltd. (SUNP) after almost a decade of trials over Protonix sales in the United States.

The Manhattan State Supreme Court finally got Bank of America set for trail with its US$8.5 billion settlement with home loans bundled into securities.

Vanderbilt settles with New Mexico on unjust enrichment investments.