Deal gives $1.6b to victims of asbestos
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SYDNEY - James Hardie Industries yesterday agreed to pay A$1.5 billion ($1.6 billion) in compensation to people with asbestos-related diseases.
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The knee and ankle brace maker said it agreed to be bought by the medical device maker ReAble Therapeutics for about $1.6 billion including debt.
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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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Mellon Bank has agreed to pay $16.5 million to the federal government to settle claims that it allowed overwhelmed employees to destroy thousands of federal tax returns and payments in 2001.
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MARSH &amp; MCLENNAN, the insurance broker at the centre of a bid-rigging and fee-fixing scandal, admitted that it had received more than $1.
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SYDNEY: Australian building products firm James Hardie Industries NV may face criminal charges after a government inquiry found it broke the law by saying it had enough money in a fund to compensate thousands of asbestos victims.
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The family members of the victims of the Daping Coal Mine accidents in central China&#39;s Henan Province have received 3.7 million yuan (approximately 445,800 US dollars) and
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Several defendants being sued by relatives of the 100 people killed in a 2003 nightclub fire have tentatively agreed to a $13.5 million settlement.
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Asbestos victims have hailed an agreement detailing how James Hardie intends to compensate them, but caution the deal is not yet legally binding.
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NEW YORK -- Victims and businesses affected by the Sept. 11 terrorist attacks have received $38.1 billion, according to a new study that questions whether the payouts were fair to all victims.
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WASHINGTON -- A federal initiative to repay investors who lost money because of corporate wrongdoing and other misdeeds has amassed $2.6 billion in just two years and has played a role in almost 100 cases settled by federal regulators.
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SOMERVILLE -- As many as 100,000 Massachusetts homeowners would receive up to $870 a year in tax relief under a plan unveiled by Governor Deval Patrick yesterday that relies on the state's corporate community to foot the bill.
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The accord, announced Sept. 8 in Vienna, will provide victims of Nazi persecution $1,200 for confiscated rental apartments, household belongings and personal items.
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A jury's finding yesterday that the Sept. 11 attack by two hijacked planes on the World Trade Center was two occurrences for insurance purposes provides an extra $1.1 billion, ensuring &quot;a timely and complete rebuild&quot; of the destroyed complex, its leaseholder says.
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SYDNEY: James Hardie Industries yesterday struck a deal to pay US$1.1bil to compensate asbestos-related disease sufferers, boosting the company&#39;s stock as much as 8% as a 14-month row over funding neared its end.
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The government has agreed to spend as much as $1.6 billion to buy millions of doses of a smallpox vaccine tailored for people with impaired immunity.
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Prosecutors reached a $458 million settlement with contractors over tunnel defects that caused a fatal 2006 accident Â but a small contractor that isn't involved in the agreement says it unfairly spares the most responsible party from criminal charges.