Search Results for: US Justice Department
Former Hanlong Executive Charged on Insider Trading
October 10th, 2014
A mining executive who fled Australia three years ago has been extradited from Hong Kong and charged with 104 insider trading offenses linked to planned takeovers by a Sichuan Hanlong Group unit. Xiao Hui, also known as Steven Xiao, ...
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, ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
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 ...
