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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Robinson-based Bayer Corp., the US division of Germany&#39;s Bayer AG, yesterday became the first company to settle charges with the US Justice Department for its
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In light of a $1.1 billion settlement with plaintiffs in a shareholder suit, the government is not asking for additional restitution.
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Indianapolis-based Eli Lilly and Company has scored a victory with the federal government. Millions of people with diabetes could feel better as a result.
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Pfizer Inc., the world&#39;s largest drugmaker, agreed to pay $430 million to resolve personal-injury claims against a subsidiary that sold products containing asbestos in the 1970s.
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Eli Lilly loses a pair of patent cases over its top compound.
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Alcatel-Lucent has agreed to pay $2.5 million in fines to resolve allegations that it provided Chinese government officials with free trips to Disneyland and other tourist attractions.The company has to pay $1 million to resolve U.S. Department of Justice charges that it violated the Foreign Corrupt Practices Act (FCPA) when providing travel and other perks to Chinese government officials, the DOJ said Friday. The company also agreed to pay a $1.5 million civil fine to the U.S. Securities and Exchange Commission.The agreement with the DOJ wraps up a multiyear investigation into whether Lucent, before its November 2006 merger with Alcatel, provided things of value to the Chinese officials and improperly accounted for the expenses.The company cooperated fully with the DOJ and SEC investigations, an Alcatel-Lucent spokeswoman said. The company is &quot;glad to put the matter behind us&quot; and looks forward to successful business dealings in China in the future, she said.From about 2000 to 2003, Lucent spent millions of dollars on more than 300 trips for Chinese government officials that included sightseeing, entertainment and leisure, the DOJ said. The trips were approved by senior Lucent Chinese officials, with the support of Lucent employees in the U.S.Lucent improperly recorded expenses for these trips and failed to implement internal controls to monitor the provision of travel and other things of value to Chinese officials, the DOJ said in a press release.In 2002 and 2003, there were 24 Lucent-sponsored trips for Chinese government customers, and at least 12 trips were primarily for sightseeing, the DOJ said. The people participating in these trips were senior government officials, including the heads of state-owned telecommunications companies in Beijing and the leaders of provincial telecommunications subsidiaries.Between 2000 and 2003, Lucent provided Chinese government officials with trips to the U.S., Europe, Australia and elsewhere that were often characterized as &quot;factory inspections&quot; or &quot;training,&quot; the DOJ said. By 2001, Lucent had outsourced most of its manufacturing and no longer owned factories for its customers to tour. These trips were primarily sightseeing tours to locations such as Disneyland, Universal Studios and the Grand Canyon, and typically lasted 14 days and cost between $25,000 and $55,000 per trip, the DOJ said.Lucent admits to all of this conduct in the agreement announced on Friday. The agreement also requires Lucent to adopt new or modify existing internal controls, policies and procedures. Those internal controls must ensure that Lucent keeps fair and accurate books, the DOJ said. The agency has agreed not to prosecute Lucent if it complies with all of the requirements in the agreement over a two-year term.
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Merck has agreed to pay $650 million to resolve allegations that it overcharged state and federal governments for three top-selling drugs, marking one of the Justice Department's largest settlements ever in a healthcare fraud prosecution.
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By Jonathan D. Epstein  HSBC Bank USA agreed Wednesday to pay nearly $1 million in fines and reimbursement to settle a state lawsuit over a toxic chemical cleanup in Orange County in a case brought under the federal Superfund Act.
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Thousands of California companies and residents could lose a share of the $1.1 billion antitrust settlement against Microsoft Corp.
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WASHINGTON : 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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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company&#39;s potential liability at $1.
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Microsoft will pay as much as $500 million as a part of settlement of the antitrust lawsuit that may be filed by rival software maker Novell, the company said Monday, within an attempt to end its antitrust fight.
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Deutsche Lufthansa said it would pay $85 million to settle 80 class-action lawsuits in the United States in a price-fixing inquiry involving its air cargo unit. The payment would release the airline and Swiss International Air Lines, which it is taking over, from pending lawsuits in the United States, Lufthansa said. The settlement is subject to court approval. Lufthansa Cargo is among nine airlines accused of violating antitrust laws by fixing prices in the $50 billion global air cargo market. European Union and United States authorities requested information from at least 12 carriers in February; the inquiry focused on surcharges for fuel and security risks.
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International Business Machines Corp.  has settled for an undisclosed sum part of a potentially multi-billion-dollar lawsuit over its pension plan, a Wednesday court filing shows.
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Target Corp. has agreed to pay $1 million to settle a class-action lawsuit alleging it failed to stamp prices on merchandise, the fourth in a string of agreements over the past two years costing major retailers more than $8 million in fees and millions more in compliance measures.
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The  world's largest insurance group pays $126m in fines as part of a settlement with US regulators over its dealings with two firms.