I.B.M. Agrees to Settle Part of Giant Pension Case
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I.B.M. said that it had agreed to pay $320 million to its employees to settle in part a class-action lawsuit over its pension plan.
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San Francisco-based RS Investment Management agreed to pay $30 million to settle an allegation that it permitted &quot;excessive&quot; market timing in its mutual funds, New York Attorney General Eliot Spitzer said Wednesday.
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International Business Machines (IBM) has settled portions of an ongoing lawsuit related to pensions, and will take a charge of $320 million in the current quarter, the technology company said Wednesday.
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I.B.M. is planning to close its employee pension plan to new employees at the end of the year and give all new workers a 401(k) plan instead.
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IBM will take a $320m (Â£178m) charge this quarter to settle some claims and cap its liability on others in a long-running class-action dispute about changes made in the 1990s to its pension plan.
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American International Group, the world&#39;s largest insurance firm, yesterday agreed to pay $126m (Â£67m) to settle allegations that the company helped clients to commit accounting fraud.
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San Francisco, September 30: IBM on Wednesday said it will take a third-quarter charge of $320 million to settle all but two claims of an ongoing lawsuit claiming its pension plan discriminated against older workers, in exchange for capping its potential
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American International Group Inc. (AIG.N: Quote, Profile, Research) agreed to pay $126 million and appoint an independent monitor to settle allegations it helped
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International Business Machines Corp. said yesterday that it agreed to settle most of the issues in a lawsuit over changes in its pension plans on terms that allow the company to continue to appeal a key question while capping its liability at &#36;1.7 billion.
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Fannie Mae yesterday agreed to pay the government $7.5 million to settle a case in which the Justice Department alleged that the giant housing-finance company knowingly accepted proceeds of a mortgage scam.
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International Business Machines Corp., the world&#39;s largest computer maker, said it will settle part of a federal lawsuit that claimed the company&#39;s pension plan discriminated against 130,000 older workers.
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IBM has said that it has agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions of workers at many companies and nonprofit organizations.
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Software giant settles with Novell and the CCIA, ending years of legal wrangling.
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IBM said Friday it is in talks to settle a mammoth lawsuit alleging a pension plan adopted by the firm in the 1990s discriminated against 140,000 older workers.
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I.B.M. agreed to pay $7 million as part of a settlement of a federal regulatory investigation involving Dollar Generalâs 2000 financial statements.
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Invesco Funds Group and affiliate AIM Advisors say they have agreed to pay $450 million (250 million pounds) to settle civil lawsuits over improper trading, the third biggest
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American International Group Inc. said yesterday it has agreed to pay $126 million to settle federal allegations the insurance giant helped two customer companies commit accounting fraud.