Ingersoll-Rand records charge for asbestos claims
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Diversified manufacturer Ingersoll-Rand Co Ltd  said on Friday it has taken a noncash pretax charge of $449 million for pending and estimated future asbestos claims through 2053.
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New York Attorney General Eliot  Spitzer on Friday filed suit against Universal Life Resources  (ULR), charging the life and disability insurance broker with  taking fraudulent kick-backs for steering business to certain  insurers.
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Nine vendors have been charged with  creating false account records in a scheme that allowed U.S.  Food Service Inc., a unit of Dutch retailer Ahold N.V.  AHLN.AS, to inflate earnings by more than $800 million,  federal prosecutors said on Thursday.
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Placement fees charged by broker Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) may be unethical and under intense scrutiny by regulators, but that
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W.R. Grace and Co. and seven high-ranking employees knew a Montana mine was releasing cancer-causing asbestos into the air and tried to hide the danger to workers and townspeople, according to a federal indictment unsealed Monday. More than 1,200 people became ill, and some of them died, prosecutors said.
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Maximus Inc., which manages federal programs for state and local governments, disclosed yesterday that federal prosecutors have subpoenaed records connected to Medicaid reimbursement claims it prepared for the District.
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Newmont Mining Corp. is suing three environmental activists in Indonesia, claiming they falsely accused the company&#39;s gold mining operations there of causing disease and death.
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Boston Scientific Corp. has reserved another $101 million to defend itself against lawsuits over defibrillators made by Guidant Corp., the heart-device maker it acquired for $27 billion last year. The Natick medical-device company has set aside $485 million to pay for legal costs related to Guidant, it said in a filing this week, up from $384 million in ...
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Lock maker Kryptonite and parent Ingersoll-Rand face at least five proposed class-action lawsuits in the United States and Canada after admitting this week that popular
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U.S. prosecutors have joined a   whistle-blower lawsuit accusing a subsidiary of German   pharmaceutical company Merck KGaA MRCG.DE of fraudulently   overcharging the Medicare program, the U.S. government said on   Monday.
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Pfizer Inc.  on Friday said it will take a pretax charge of &#36;369 million in the third quarter for a settlement with plaintiffs who allege they were harmed by products containing asbestos and harmful minerals once sold by a Pfizer subsidiary.
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Class-action litigation, lawsuits seeking damages for exposure to asbestos and medical malpractice suits are the targets.
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Halliburton Co. (HAL.N: Quote, Profile, Research) , the world&#39;s No. 2 oil field services company, on Tuesday posted a third-quarter net loss as it took $230 million in charges to fund its asbestos liability.
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Pfizer Inc. PFE.N on Friday said it  will take a pretax charge of $369 million in the third quarter  for a settlement with plaintiffs who allege they were harmed by  products containing asbestos and harmful minerals once sold by  a Pfizer subsidiary.
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New York Attorney General Eliot Spitzer filed a civil suit on October 14 against the worldâs largest insurance broker, Marsh &amp; McLennan, charging the US firm with bid-rigging and other practices
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Australian building products firm James Hardie Industries NV faces possible charges after a government inquiry found it broke the law when it said in 2001 it had enough money in a fund to compensate thousands of asbestos victims.
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JAMES Hardie executives face criminal charges over the company&#39;s 2001 move to the Netherlands after a government commission found the building company underprovided a fund for asbestos victims by up to $2 billion.