Search Results for: Department of Justice
Hyundai, Kia pay $100M fine over mpg claims
November 4th, 2014
It’s a record settlement under the Clean Air Act. Hyundai and Kia have agreed to pay a total of $100 million to settle an investigation into its misstatement of gas mileage estimates on about 1.2 million vehicles, the government ...
Jury acquits ex-Swiss banker in tax-dodging case
November 4th, 2014
Raoul Weil acquitted of charges he helped wealthy Americans to hide $20B from the IRS. A federal jury acquitted a former top Swiss banking executive of U.S. charges that he conspired with wealthy Americans to hide $20 billion in ...
U.S. Said to Ready Charges Against Banks in Forex Rigging
October 8th, 2014
U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe. While federal prosecutors have ...
U.S., UK regulators might settle Deutsche Bank Libor case this year
October 7th, 2014
U.S. and British regulators are in a plan to settle the Deutsche Bank AG (DBKGn.DE) Libor case in the next few months as they hope to extract major penalties from the bank for alleged manipulation of the benchmark interest ...
HP subsidiaries plead guilty in bribery cases
September 12th, 2014
Hewlett-Packard (HP) and three subsidiaries pleaded guilty Thursday to paying bribes to foreign officials in Russia, Mexico and Poland and agreed to pay $108 million in criminal and regulatory penalties. The guilty pleas, entered in San Francisco federal court, ...
Exxon Mobil unit to pay $1.4 million penalty
August 27th, 2014
An Exxon Mobil Corp unit has agreed to pay $1.4 million to resolve U.S. government claims over a 2012 crude oil spill in Louisiana, the U.S. Justice Department said on Tuesday. ExxonMobil Pipeline Company discharged 2,800 barrels of crude ...
China plans its own operating system to take on Microsoft, Google and Apple
August 25th, 2014
China could have a new homegrown operating system by October to take on imported rivals such as Microsoft, Google and Apple, Xinhua, the government news agency, reported. Computer technology became an area of tension between China and the United ...
BofA Tax Set-Aside and Wylys Penalty
August 25th, 2014
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt — a step taken by the Justice Department to give homeowners relief that ...
Bank of America to Settle $16.65 Billion Mortgage Case
August 21st, 2014
The Justice Department is poised to announce a $16.65 billion settlement with Bank of America over accusations that it duped investors into buying toxic mortgage securities, say people briefed on the matter. Yet even as that accord nears completion, ...
Billionaire Named in Suit Against Anti-Iran Group
August 19th, 2014
A billionaire Wall Street commodities investor has been drawn into a court fight against one of the nation’s most influential anti-Iran advocacy groups. The fight stems from a defamation lawsuit by Victor Restis, a Greek businessman whom the group, ...
