Lilly Considers $1 Billion Fine to Settle Case
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The fine would settle a civil and criminal investigation into the companyâs marketing of an antipsychotic drug.
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NEW YORK - Marsh &amp; McLennan Companies Inc. is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.
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Media giant Time Warner Inc. TWX.N  will pay fines of $210 million under an agreement with the U.S.  government to be announced on Wednesday to settle charges that  its America Online unit inflated revenue, a Justice Department  official said.
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IBM on Wednesday said it has settled portions of an ongoing lawsuit related to its pension plan and said the potential liability for the other claims that remain on appeal is capped at $1.
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Blog: IBM and SEC reach settlement in stock options expensing disclosure case. No fines or monetary penalties for company.
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German microchip giant Infineon Technologies agreed to plead guilty and to pay a 160 million dollar fine for participating in &quot;an international conspiracy to fix prices&quot; US officials said.
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The attorney general of Oregon, Hardy Myers, has proposed a $36 million nationwide settlement among the pharmaceutical manufacturer Organon USA, consumers and states over the antidepressant drug Remeron.
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BERLIN  - Drug maker Bayer AG said Monday it has reached settlements in  more than 2,800 cases related to the 2001 withdrawal of a cholesterol-lowering drug, paying nearly &#36;1.1 billion US in out-of-court deals.
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Eli Lilly may be close to resolving a government lawsuit over improper marketing.
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Taiwan slapped a T$1 million (US$30,000)  fine on Nike Inc. on Thursday for a 90-second appearance on  stage by basketball legend Michael Jordan for what the sports  gear giant had said would be a one-hour show.
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Germany's Bayer AG  has agreed to plead guilty and pay a &#36;4.7 million fine for taking part in a conspiracy to fix the prices of synthetic rubber, the U.S. Justice Department said on Wednesday.
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LONDON, September 16 (New Ratings) - Infineon Technologies (IFX.ETR) has agreed to plead guilty and to pay a fine of $160 million to settle the federal charges of participating in an international conspiracy of DRAM price fixing.
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The US division of Germany's Bayer AG agreed to pay a 33 million dollar fine to settle charges it participated in a conspiracy to fix prices of a commonly used chemical for plastics and other goods, US officials said.
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Marsh &amp; McLennan Companies Inc. is moving to collect about $230 million in controversial contingent commissions owed by insurers and will put the money toward a settlement with the New York Attorney General Eliot Spitzer.
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Eli Lilly loses a pair of patent cases over its top compound.
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced Wednesday.
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The world's largest DRAM maker agrees to pay multimillion dollar fine in a DRAM price-fixing suit.