Saturday 12 July 2014
 
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Settlement

J&J to pay $2.2bn to end US drug probes

In one of the largest health care fraud settlements in US history, Johnson & Johnson will pay $2.2 billion to end civil and criminal investigations into kickbacks to pharmacists and the marketing of pharmaceuticals for off-label uses, US Att

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HSBC $1.92bn money-laundering payoff approved

A federal judge has approved HSBC Holdings record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

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HSBC $1.92bn money-laundering payoff approved

A federal judge has approved HSBC Holdings record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

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Ranbaxy pleads guilty, to pay $500m settlement

Indian 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.

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Bahrain centre resolves 24 trade disputes

An 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

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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

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Bank of America pays $2.4bn to settle Merrill claims

Bank 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

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StanChart reaches $340m settlement

  Standard 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

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Apple pays $60m to settle China iPad dispute

Apple 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.

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Bahrain in new unrest compensation move

Out-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

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