Justice, Time Warner announce $210M settlement
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Time Warner has agreed to pay $210 million to settle criminal securities fraud charges brought by the Justice Department against the company&#39;s America Online unit.
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Media giant Time Warner will pay approximately $510 million to settle various fraud charges regarding its America Online (AOL) unit with two US regulatory agencies, the company revealed this morning.
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TIME WARNER has agreed to pay $US210 million to settle fraud charges against the company&#39;s America Online unit, US law enforcement officials said overnight.
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NEW YORK, December 16: In addition to its $210 million settlement with the Department of Justice over securities fraud at America Online, Time Warner has reached a proposed settlement with the Securities and Exchange Commission for a further $300 million
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Wall Street is cheering Time Warner&#39;s $510 million settlement to make two federal probes go away - while lawyers for angry investors are drooling over it.
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Time Warner will announce a settlement with the Department of Justice and a proposed settlement with the Securities and Exchange Commission, a source familiar with the situation said Wednesday.
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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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Media giant Time Warner Inc.  will pay fines of &#36;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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The state of Ohio said on Wednesday  that it had reached a $144 million settlement with Time Warner  Inc.  on behalf of six state funds that claimed they  were defrauded after the media conglomerate merged with the  online service AOL.
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The Securities and Exchange Commission and Time Warner Inc. are nearing agreement on a deal in which the media giant would pay about $750 million to settle wide-ranging allegations
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Time Warner and its AOL subsidiary have reached a settlement with the US Department of Justice (DOJ) that ends an investigation of the company over accounting and disclosure practices.
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Microsoft Corp, Google Inc and Yahoo  Inc agreed to a settlement worth $31.5 million to resolve  accusations that the companies promoted illegal Internet  gambling, the Justice Department said on Wednesday.
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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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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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December 16, 2004 - Time Warner Inc. will pay $510 million and restate its 2001-2002 earnings for the third time as part of a settlement of criminal and civil charges related to its America
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The state of Ohio said on Wednesday that it had reached a $144 million settlement with Time Warner Inc. on behalf of six state funds that claimed they were defrauded after the media conglomerate merged with the online service AOL.
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Time Warner said that it will pay a total of $510 million to settle charges arising from Justice Department and S.E.C. investigations.