Crime : Page 188

Weatherford paying $140 million penalty for accounting fraud

September 28, 2016 The Securities and Exchange Commission (SEC) announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting.

Kirby Inland Marine to pay $4.9m for Houston Ship Channel oil spill

September 27, 2016 Kirby Inland Marine has agreed to pay $4.9 million in Clean Water Act civil penalties and to implement fleet-wide operational improvements.

DFSA fines Clements Dubai Limited over prohibited insurance

September 27, 2016 The Dubai Financial Services Authority, DFSA, has imposed a fine of over AED 300,000 on Clements Dubai Limited, CDL.

GL Construction allegedly bilking nearly $300,000 in Sandy funds

September 27, 2016 New Jersey AH Christopher S. Porrino and the Division of Consumer Affairs have filed an action against a Manahawkin contractor and his home improvement company.

U.S. DOL sues Palantir for discriminating against Asians

September 27, 2016 The U.S. Department of Labor has filed a lawsuit charging that Palantir Technologies, a Palo Alto technology company, discriminated systematically against Asian job applicants in its hiring process and selection procedures.

Merrill Lynch charged with failures that led to mini-flash crashes

September 27, 2016 The Securities and Exchange Commission (SEC) said that Merrill Lynch has agreed to pay a $12.5 million penalty for maintaining ineffective trading controls that failed to prevent erroneous orders from being sent to the markets and causing mini-flash crashes.

Cybercrime inflicted $93 million damage in Russia last year

September 24, 2016 The cybercrime rate in Russia increased steeply in 2015 and caused damage to individuals and companies estimated at 6 billion rubles ($93 million).

Amazon fined by London court for transporting dangerous goods

September 24, 2016 Amazon UK has been fined £65,000 after it was found to have attempted to ship dangerous goods through the air.

Indivior facing lawsuit from 35 states and D.C.

September 23, 2016 Indivior updated the market on the Federal Trade Commission (FTC) investigation and class action litigation being filed against it on Friday.

Lithuania demands to drop $621m lawsuit by Russian businessman

September 23, 2016 Lithuania’s authorities have filed a motion with the Moscow Commercial Court to drop a lawsuit by Russian businessman and former co-owner of the Lithuanian nationalized bank Snoras, Vladimir Antonov.

HP settles hiring discrimination case, will pay $750,000

September 23, 2016 Landing a job that pays an average of $50,000 a year with a household name in the information technology industry is something to make any worker proud.

Auto parts industry executives indicted for obstruction of justice

September 22, 2016 A federal grand jury in the U.S. District Court for the Eastern District of Michigan returned an indictment charging one current and one former automotive parts industry executive with conspiring to obstruct a federal investigation.