FedEx Is Ordered to Repay $29 Million
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FedEx Corp. on Friday said the Department of Transportation demanded the shipping firm repay $29 million of the $101 million in compensation it has already received under the Air Transportation Safety and Stabilization Act.
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A credit union in Massachusetts has sent TJX an invoice for $590,000 to cover the monetary costs and reputational damage that the financial institution says it incurred as a result of the data breach disclosed by the retailer in January.
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Fedex Corpâs express air shipping unit has been ordered by the US government to repay $29m in excess funds received under an act established after the Sept.
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LONDON - Time Warner, the world&#39;s largest media company, is to pay out $510m (Â£260.9m) to US authorities following two federal investigations into its internet unit AOL.
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Qwest Communications International Inc., the regional telecommunications company, agreed Thursday to pay $250 million to settle allegations that it engaged in &quot;massive financial fraud&quot; by improperly booking $3.
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Unwanted e-mail from affiliates of an adult-entertainment company have garnered a $465,000 penalty in a settlement with the FTC, the latest in the agency's successful crackdown on sexually explicit junk e-mail.
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A California jury has awarded more  than $300,000 in compensatory damages in a sexual harassment  suit filed against FedEx Corp. on behalf of two female  employees, a lawyer representing the plaintiffs said on Friday.
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American International Group Inc.  AIG.N agreed to pay $126 million to settle allegations it  helped companies fraudulently inflate earnings, the U.S.  Securities and Exchange Commission said on Tuesday.
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A federal judge approved a $2.575 billion settlement of a class-action lawsuit by WorldCom investors who claimed they were defrauded by Citigroup, the second-largest settlement ever in a securities fraud case. When the tentative pact was announced by Citigroup in May, it was for $2.65 billion, but the agreement presented to the judge was reduced by $75 million. Investors accused Citigroup of hiding WorldCom's financial risks when it helped sell $10 billion of WorldCom debt in 2001.
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Fedex Corp  said on Friday  that the U.S. Internal Revenue Service found that its FedEx  Ground independent contractors should be reclassified as  employees for tax purposes and that the company faced related  taxes and penalties of more than $319 million for 2002.
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Business & money: Â·  Payout comes despite claims of price-fixing Â·  Airline cites 'contractual obligations' for move
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Long-Term Capital Management LP, whose failure in 1998 forced a bailout by Wall Street&#39;s biggest investment banks, has to pay $56 million in tax and penalties after a judge said the hedge fund claimed an improper deduction.
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WASHINGTON, Sept. 11 (Dow Jones/AP) â A federal court in Manhattan has ordered a former Kidder Peabody bond trader, Orlando Joseph Jett, to hand over more than $8.4 million sought by the Securities and Exchange Commission.
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American International Group Inc.  AIG.N agreed to pay $126 million to settle charges it helped  companies fraudulently inflate earnings, the U.S. Securities  and Exchange Commission said on Tuesday.
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The U.S. Federal Trade Commission has filed charges against a payment processing company, accusing it of attempting to debit consumers&#39; bank accounts for up to $200 million on behalf of dishonest merchants.Those consumers either never received the goods or received worthless items, said the FTC, which filed the complaint with seven other U.S. states. The payment company allegedly violated both federal and state consumer fraud laws, telemarketing rules, and FTC regulations regarding the unfair processing of payments.The payment processing company went by several names, which are listed in a FTC news release. The FTC alleges the company processed payments for fraudulent telemarketers and Internet-based merchants that used deceptive sales scripts and methods.About $69 million of the $200 million in transactions were either rejected by consumers or returned because of lack of proper payment authorization, the FTC said.The FTC wants to refund consumers and force the company to forfeit money it still holds from the fraud in addition to other civil penalties. The complaint was filed in the U.S. District Court for the Eastern District of Pennsylvania.The states that have joined the suit are Illinois, Iowa, Nevada, North Carolina, North Dakota, Ohio, and Vermont.
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A federal court ordered Stephen Richards, head of worldwide sales at CA Inc.,  to pay $29.7 million in restitution to stockholders for his part in a major fraud scheme at the software company.
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Federal regulators said on Tuesday three former employees of Invesco Funds Group Inc. agreed to pay &#36;340,000 in fines to settle charges that they had a role in allowing improper trading in Invesco mutual funds, leaving a settlement with the company to be hammered out.