Search Results for: Justice Department
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, ...
The Reasons Bankers Weren’t Busted
September 9th, 2014
“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate ...
Keeping Corporate Lawyers Silent Can Shelter Wrongdoing
August 27th, 2014
Have you heard of Maritza I. Munich? The answer is almost certainly no, yet she is a central figure in Walmart’s unfolding bribery scandal. Ms. Munich was a Walmart lawyer who advocated an aggressive response to investigating the scandal ...
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 ...
U.S. confident its $5 billion S&P lawsuit was not retaliation
August 26th, 2014
The United States, which is suing Standard & Poor’s for $5 billion over its credit ratings, said on Monday it is confident that documents the rating agency wants for its defense will not show that the lawsuit was filed ...
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, ...
Sprint, T-Mobile call off merger plans
August 6th, 2014
Sprint is expected to announce Wednesday that its sought-after merger with T-Mobile is off. The wireless carrier and its parent company, Softbank, decided that regulatory hurdles were too high, The Wall Street Journal reported Tuesday, citing people familiar with ...
