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Ranbaxy pleads guilty, to pay $500m settlementIndian generic drugmaker Ranbaxy Laboratories pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the US Department of Justice. More… |
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Bahrain centre resolves 24 trade disputesAn international arbitration centre based in Bahrain resolved around 24 cases with a combined value of BD79 million ($208.4 million) last year, a report said. It brings the total number of claims handled by the Bahrain Chamber for More… |
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RBS 'close to $564m Libor settlement'Royal Bank of Scotland is braced for a penalty of more than 350 million pounds ($564 million) for its role in a global interest rate rigging scandal, the Sunday Times newspaper reported, without citing sources. &nb More… |
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Bank of America pays $2.4bn to settle Merrill claimsBank of America Corp has agreed to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch & Co at the height of the financial crisis. The settlement, among More… |
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StanChart reaches $340m settlementStandard Chartered will pay $340 million to New York's bank regulator over transactions linked to Iran, in a speedily arranged deal likely to cheer its shareholders. The deal with New York S More… |
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Apple pays $60m to settle China iPad disputeApple has paid $60 million to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world's most valuable technology company engaged in a protracted legal tussle with a near-bankrupt Chinese firm. More… |
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Bahrain in new unrest compensation moveOut-of-court settlements are being offered to people affected by last year's unrest in Bahrain. The initiative was approved by the Cabinet yesterday. Under the scheme direct compensation will be paid to people who opt for cordial sett More… |
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BP to pay $85m to settle Alaska oil spill caseBP has agreed to pay a $25 million civil penalty plus interest, as well as spend $60 million on enhanced safety measures, to settle a federal probe of a pipeline oil spill on Alaska's North Slope in 2006, the federal government said. The o More… |
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IPIC pushes for Ferrostaal settlementAbu Dhabi's IPIC fund said it is pushing to settle a dispute quickly with German truck maker over unit Ferrostaal. 'IPIC submitted to MAN a fair proposal for all parties and continues to seek an amicable settlement as soon as possi More… |
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Qatar sees settlement system complete in MayQatar bourse's new settlement system will not be fully implemented until May, just a month before index complier MSCI's ruling, the chief executive of the country's financial markets said on Tuesday. Qatar said earlier that it would switch More… |
