Crime : Page 25

AT&T settles SEC charge of selectively disclosing material information to Wall St. analysts

December 6, 2022 The Securities and Exchange Commission announced that AT&T agreed to pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from charges brought in March 2021 related to the company’s selective disclosure of material nonpublic information to research analysts.

Hertz to pay $168 mln to settle over 95% of wrongful theft report claims

December 6, 2022 Hertz Global Holdings announced the settlement of 364 pending claims relating to vehicle theft reporting, bringing resolution to more than 95% of its pending theft reporting claims.

Glencore to pay Republic of Congo $180 mln over alleged corruption claims

December 5, 2022 Glencore has reached an agreement with the Democratic Republic of Congo covering all present and future claims arising from any alleged acts of corruption by the Glencore Group in the DRC between 2007 and 2018.

Fraudsters target water infrastructure projects, OLAF closes several cases

December 4, 2022 The European Anti-Fraud Office (OLAF) has investigated several cases of alleged fraud and irregularities that targeted EU funds meant for water infrastructure and wastewater modernisation projects.

Rhode Island man to pay more than $2.8 million in restitution for virtual currency fraud

December 3, 2022 The Commodity Futures Trading Commission announced the U. S. District Court for the Southern District of New York entered a consent order on November 29 for a permanent injunction, restitution, and equitable relief against Jeremy Spence of Bristol, Rhode Island.

Switzerland fines ABB $4.3 mn over South Africa bribery

December 2, 2022 The Office of the Attorney General of Switzerland (OAG) resolves the criminal investigation against ABB.

New Mexico AG announces $58.5 million opioid settlement with Smith’s Food and drug parent Kroger

December 2, 2022 New Mexico Attorney General Hector Balderas announced that his office has resolved the opioid litigation against grocery and retail pharmacy giant Kroger in a deal that will deliver nearly $60 million to the State and to local communities to fund opioid abatement efforts within the next 90 days.

Florida AG announces multistate action against CarMax over the disclosure of safety recalls

December 2, 2022 Attorney General Ashley Moody announced a multistate action against CarMax Auto Superstores.

Baltimore, Md. announces approval of $537 million class action settlement with Monsanto for PCB contamination

December 2, 2022 The City of Baltimore will receive a portion of the $537.5 million settlement reached with chemical maker Monsanto and two associated companies as the result of a nationwide class action lawsuit over PCB (polychlorinated biphenyls) contamination in municipal water systems.

Illinois AG announces $9.4 million settlement with Google and iHeartMedia over misleading ads for PIXEL 4 phone

November 30, 2022 Attorney Kwame Raoul announced that his office, along with five other states and the Federal Trade Commission, have reached settlements with Google and iHeartMedia that resolve the coalition’s investigations into alleged deceptive ad campaigns that ran false endorsements of the Google Pixel 4 smartphone.

Illinois announces $6.6 billion settlement with opioid makers Teva and Allergan

November 30, 2022 Attorney General Kwame Raoul announced a final settlement with opioid manufacturer Teva Pharmaceuticals and former opioid maker Allergan that requires the companies to provide funding and resources that will support states’ efforts to address the effects of opioid addiction.

European prosecutors bust €2.2 billion VAT fraud scheme

November 30, 2022 The European Public Prosecutor\'s Office (EPPO) announced that it uncovered the biggest cross-border VAT fraud scheme ever investigated in the EU worth an estimated €2.2 billion.