Fine News

Washington - Swiss banking giant Credit Suisse has admitted it violated US securities laws and will pay $196 million to settle the charges, the Securities and Exchange Commission said Friday.The SEC action came as the Department of Justice investigates Credit Suiss...

Panasonic Corp <6752.T> has been fined C$4.7 million ($4.25 million) for rigging bids to supply equipment for Toyota Motor Corp <7203.T> cars made in Canada, the country's Competition Bureau said on Thursday.

Washington - The US Justice Department hit Japanese tire and rubber parts giant Bridgestone with a $425 million fine Thursday for conspiring to fix the prices of rubber parts used in US-made automobiles.

Spain's leading telecoms operator Telefonica was fined 500,000 euros on Monday for what the regulator classed as two "very serious" breaches of competition rules in its home market.

New York - A New York jury on Thursday convicted a former portfolio manager for SAC Capital of insider trading in the government's latest victory against the once-mighty hedge fund.

Washington - US accounting firm KPMG violated rules aimed at maintaining auditors' independence from their clients and will pay $8.2 million to settle the charges, regulators said Friday.

In yet another case of from the sublime to the ridiculous, a pub in Brittany, France has been fined by French officials for using "undeclared labor," just because a customer took his own glass back to the bar.

Sabadell - Driving laws in Spain have become more stringent, but it was unexpected that this would also affect cyclists. This poor guy was cycling to work, munching on a croissant, when he was stopped and fined €100 ($135) for "reckless driving."

Janssen Pharmaceuticals, Inc., (JPI) of Titusville, N.J., has been fined $1.6 billion for its role is selling a misbranded drug. The drug in question is Risperdal (risperidone).

A Spanish man living in La Manjoya in Spain's Asturias region has been fined €900 ($1,200) for depositing a dead rat at the local Town Hall as part of a personal protest. He says he won't be paying as he "doesn't work for Bárcenas."