General Motors Co. will spend whatever it takes to compensate victims of accidents in Cobalts, Ions and other cars with faulty ignition switches, said Ken Feinberg, the lawyer hired to make the payments.
Read More »BNP Paribas to pay $8.8B in sanctions probe plea deal
BNP Paribas SA pleaded guilty to charges tied to a U.S. probe of sanctions violations, resolving a wide-ranging state and federal investigation with a penalty of at least $8.8 billion, the largest fine for such a case in history.
Read More »MLM parent company names new chief executive
A new chief executive officer is taking the reins at The Dolan Company, the parent company of Missouri Lawyers Media, which includes this publication.
Read More »Ex-N.Y. Governor Spitzer must face Greenberg defamation suit
Ex-American International Group Inc. Chief Executive Officer Maurice Greenberg defeated a bid by Eliot Spitzer to throw out a lawsuit accusing him of making defamatory statements in a campaign to damage Greenberg’s reputation.
Read More »FTC opens probe into sales-delay agreements between drug companies
U.S. regulators, armed with a year-old Supreme Court decision, are stepping up investigations of pharmaceutical deals that delay the sale of generic drugs, arrangements they view as illegally hurting competition.
Read More »House committee, aide win delay in SEC insider trading probe
The House Ways and Means Committee and a top staff member of the panel were given until July 4 to explain why they haven’t responded to subpoenas in an insider-trading probe by the U.S. Securities and Exchange Commission.
Read More »BNP said close to $9 billion accord in U.S. sanctions case
BNP Paribas SA is close to an agreement to plead guilty and pay $8 billion to $9 billion to settle allegations it violated U.S. sanctions.
Read More »Monsanto said to have weighed tax-inspired deal to buy Syngenta
Monsanto Co., the world’s largest seed company worth $64 billion, recently explored a takeover of $34 billion Swiss rival Syngenta AG in a deal that would have allowed the U.S. firm to move its tax location to Switzerland.
Tagged with: Monsanto
Read More »BofA must face U.S. suit claiming mortgage-securities fraud
Bank of America Corp. must face the U.S. Justice Department’s lawsuit accusing it of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities.
Tagged with: Bank of America Corp.
Read More »House chairman calls for special prosecutor in IRS probe
The House Ways and Means Committee chairman called for a special prosecutor to probe the Internal Revenue Service’s loss of emails from the time the agency gave extra scrutiny to Tea Party groups seeking tax-exempt status.
Tagged with: Internal Revenue Service
Read More »Ex-Adobe computer scientist seeks to undo antitrust hiring deal
Apple Inc., Google Inc., Intel Corp. and Adobe Systems Inc. are seeking final approval of a $324.5 million settlement of claims they schemed to not recruit each other’s workers, as one ex-employee is set to tell a judge the companies are getting off too cheaply.
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