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Fine News

US judge okays $1.8 bn SAC insider-trading settlement

New York - A federal judge Thursday approved an agreement between US criminal prosecutors and SAC Capital to settle charges of insider trading in exchange for $1.8 billion in penalties.
In the Media by AFP

Drugmakers ordered to pay $9 billion for hiding cancer risks

Japan's biggest pharmaceutical company has been hit with a $6 billion penalty for concealing cancer risks associated with its Actos diabetes drug while Eli Lilly and Co, Takeda's co-defendant in the case, was ordered to pay $3 billion in punitive damages.
In the Media by Jeannie Stokowski-Bisanti

EU slaps 300 mn euro anti-trust fine on power cable firms

Brussels - The European Commission on Wednesday fined 11 producers of high-voltage power cables a total of 300 million euros for operating a cartel that secretly shared out the global market."These companies knew very well that what they were doing was illegal.
In the Media by AFP

UK watchdog fines Santander bank over mis-advice

London - A British financial watchdog on Wednesday said it had fined Spanish banking giant Santander almost £12.4 million for mis-advising customers.
In the Media by AFP

Toyota to pay US $1.2 billion over defect cover-up

Washington - Toyota Motor Corp.
In the Media by Chantal Valery (AFP)

Toyota to pay US $1.2 billion for deadly defect coverup

Washington - Toyota Motor Corp.
In the Media by Chantal Valery (AFP)

Toyota to pay US $1.2 billion for deadly defect coverup

Washington - Toyota Motor Corp. will pay $1.2 billion to settle US criminal charges that it lied to safety regulators and the public as it tried to cover up deadly accelerator defects.
In the Media by Chantal Valery (AFP)

Toyota to pay US $1.2 billion over accelerator problems

Washington - Toyota Motor Corp.
In the Media by AFP

Credit Suisse admits US securities wrongs, pays fine

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...
In the Media by AFP

Panasonic fined C$4.7 million in Canada for auto parts bid-rigging

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.
In the Media by Reuters
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“Diamond Geezer” Bob runs Barclays like a mafia hooch racket

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French motorist receives 143 fines for the same offence

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