TIME WARNER SETS $500M LEGAL RESERVE FINE MESS.
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Media giant Time Warner seems hopeful that the end of a long-running accounting investigation is in sight. The company said yesterday it has put $500 million in reserve to
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AOL has agreed to pay $3 million in fines to the states plus refunds to customers charged for unauthorized services.
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America Online, the internet division of Time Warner, will be charged with criminal securities fraud but is likely to avoid prosecution under a settlement
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Time Warner Inc. has agreed to pay $210 million to settle securities fraud charges involving the company&#39;s America Online unit, law enforcement officials said Wednesday.
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A class-action lawyer's lenient plea deal sends a bad message.
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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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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 Inc. yesterday agreed to pay &#36;510 million to settle criminal and civil charges stemming from an accounting scandal at its America Online division, moving to end a messy affair that tarnished its image and impeded its business after its merger with AOL in 2001.
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By announcing on Nov. 3 that it&#39;s creating a $500 million reserve related to federal investigations into its accounting practices, Time Warner (TWX ) took a giant leap toward removing what has been a debilitating overhang on the media giant for two years.
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Time Warner Inc. said yesterday that it is creating a $500 million reserve in response to the federal investigations of its America Online unit and that it also will restate AOL Europe&#39;s financial results for 2000 and 2001.
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[New York | Reuters News Service, 4 November 2004] - Time Warner yesterday posted an 8% drop in quarterly net profit as it set up a $500 million legal reserve related to accounting probes at its America Online division and said it will restate results
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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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The world&#39;s largest media company set aside a $500 million reserve in anticipation of settling government investigations into its bookkeeping.
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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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Time Warner (TWX:NYSE - news - research) is on the brink of announcing settlements with the Justice Department and the Securities and Exchange Commission, it was reported Wednesday.
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Time Warner said yesterday that it had set aside $500 million to pay for potential penalties stemming from a government investigation into accounting practices at America Online, a step that
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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.