Tag: US Department of Justice

• Thursday, May 4th 2017 - 13:01 UTC

  EU and US agree to Maersk Line acquiring Germany's Hamburg Sud, expert in South America

  

  Container shipping company Maersk Line will pay EUR 3.7 billion for its acquisition of smaller German rival Hamburg Sud, including all subsidiaries and associated shipping companies. The boards of Maersk Line and the Oetker Group, owner of Hamburg Sud, approved the proposed deal, which has been given the green light by the European Commission and the US Department of Justice.

• Tuesday, October 6th 2015 - 10:17 UTC

  BP agrees to pay 20bn dollars to settle claims with Gulf of Mexico 2010 oil spill

  

  Oil giant BP has agreed to pay $20bn to settle claims with the US stemming from the company's Deepwater Horizon oil spill. An explosion on BP's deep-water drill, off the coast of Louisiana in 2010 killed 11 workers.

• Thursday, May 28th 2015 - 00:18 UTC

  “Red Card” for 14 FIFA and sports marketing officials

  

  The United States Department of Justice brought charges on racketeering, wire fraud, and money laundering on 14 FIFA and sports marketing officials. Dubbed the “World Cup of corruption” by Richard Weber, chief of the Internal Revenue Service Criminal Investigation unit, the charges are the result of an investigation from the U.S. District Attorney’s office in Eastern New York.

• Tuesday, July 15th 2014 - 06:49 UTC

  Citigroup agrees to pay 7bn dollars to settle sub-prime mortgages investigation

  

  Banking giant Citigroup will pay 7bn dollars to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay 4bn to the Department of Justice and 2.5bn for “consumer relief”.

• Wednesday, November 20th 2013 - 04:38 UTC

  JP Morgan agrees to pay record 13bn settlement for misleading investors

  

  US bank JP Morgan has agreed to a record 13 billion dollars settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation. The bank acknowledged it made “serious misrepresentations to the public”, but said it did not violate US laws.

• Wednesday, August 14th 2013 - 20:01 UTC

  US files anti-trust case to block merger of American with US Airways

  

  The US justice department has filed an anti-trust case to block the merger of American Airlines and US Airways. The 11bn dollars deal which would form the world's largest airline was backed by a federal judge in March and has been approved by the European Union.

• Wednesday, July 31st 2013 - 17:59 UTC

  Pfizer agrees to pay 491m dollars to settle illegal marketing of Rapamune

  

  US drug-maker Pfizer has agreed to pay 491 million dollars to settle a probe into illegal marketing of a drug by Wyeth, a firm it had acquired in 2009. The case revolved around Rapamune, a drug prescribed to prevent rejection of transplanted kidneys.

• Tuesday, June 25th 2013 - 23:33 UTC

  Argentina appeals to US Supreme Court its legal battle with ‘holdout’ creditors

  

  Argentina took on Tuesday its legal battle with “holdout” creditors to the US Supreme Court by appealing an adverse decision handed down by a lower US court in October of last year, according to Telam the official news agency from the Argentine government.

• Monday, December 10th 2012 - 19:38 UTC

  Standard Chartered will pay 327m dollars for violating US sanctions on Iran

  

  Standard Chartered will pay more than 300 million dollars to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan. The UK-based bank has been fined 100m by the Federal Reserve and the Department of Justice seized assets worth 227m, the regulators said.

• Saturday, July 28th 2012 - 11:01 UTC

  US Justice and securities regulators probing credit-rating agency S&P

  

  The US Department of Justice and securities regulators are probing potential violations by credit-rating agency Standard & Poor's in connection with its ratings of structured products, the company said this week.