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Apr 9, 2014

HP pays $108 mln to settle foreign bribery probes

SAN FRANCISCO/WASHINGTON April 9 (Reuters) – Hewlett-Packard
will pay $108 million and one of its subsidiaries will
plead guilty to bribery charges over its role in a scheme to
secure a contract with a Russian government office, the Justice
Department said on Wednesday.

HP units in Poland and Mexico also resolved criminal charges
related to contracts in those two countries, the department
said.

Apr 8, 2014

Judge criticizes State Department over Blackwater shooting case

WASHINGTON (Reuters) – A federal judge on Tuesday harshly criticized the U.S. State Department over its handling of a 2007 shooting in Baghdad involving Blackwater Worldwide security guards and asked the agency’s watchdog to investigate problems that helped delay a related criminal case.

The prosecution of the former guards, who were charged with manslaughter in the killing of 14 unarmed civilians, has dragged on for years amid problems with evidence.

Apr 8, 2014

U.S. Justice Department wary of Bitcoin, Attorney General says

WASHINGTON, April 8 (Reuters) – The U.S. Justice Department
will have to be creative in order to make sure criminals do not
use virtual currencies such as Bitcoin to secretly move funds,
Attorney General Eric Holder said on Tuesday.

The scrutiny at the highest levels of the Justice Department
comes at a time when investors have flocked to the currencies
but recent incidents have called into question their long-term
viability.

Apr 4, 2014

U.S. probing high-speed trading, attorney general says

WASHINGTON (Reuters) – The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday.

The disclosure comes the same week that securities regulators and the FBI also confirmed they are looking into potential wrongdoing by high-frequency stock traders.

Apr 2, 2014

Ukraine businessman, Indian official charged in U.S. corruption case

WASHINGTON (Reuters) – Ukrainian industrialist Dmitry Firtash, a member of India’s parliament and four others were indicted by a U.S. grand jury for their suspected role in an international corruption scheme, the U.S. Justice Department said on Wednesday.

The indictment, which was returned under seal in June 2013, was made public on Wednesday, a few weeks after prosecutors said they planned to ask Austria to extradite Firtash.

Apr 2, 2014

Rajya Sabha MP, Ukraine businessman, charged in U.S. corruption case

WASHINGTON (Reuters) – Ukrainian industrialist Dmitry Firtash, a member of India’s parliament and four others were indicted by a U.S. grand jury for their suspected role in an international corruption scheme, the U.S. Justice Department said on Wednesday.

The indictment, which was returned under seal in June 2013, was made public on Wednesday, a few weeks after prosecutors said they planned to ask Austria to extradite Firtash.

Mar 27, 2014

Alstom shares sink on risk of fine in U.S. bribery probe

PARIS/WASHINGTON, March 27 (Reuters) – Alstom
shares fell sharply on investors’ fears that the French
engineering firm could face a heavy fine from the U.S. Justice
Department as a result of a bribery investigation that has
spread across Asia.

Alstom is cooperating with the investigation and it is
premature to speculate on its findings or how big any possible
settlement could be, a company spokeswoman said on Thursday.

Mar 26, 2014

Bank of America to pay $9.3 billion to settle mortgage bond claims

WASHINGTON (Reuters) – Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis.

The settlement, announced on Wednesday, includes $6.3 billion in cash and $3.2 billion in securities that Bank of America will purchase from the two housing finance entities.

Mar 25, 2014

U.S. prosecutors eye new approach on company misconduct after Toyota

WASHINGTON, March 25 (Reuters) – U.S. prosecutors are
considering using the legal theory behind a $1.2 billion penalty
imposed on Toyota to go after misconduct in industries
ranging from auto and airplane makers to mining, a Justice
Department official told Reuters.

The charges of wire fraud against Toyota for concealing
safety problems marked the first criminal case of its kind
against an auto company. The announcement last week of the
settlement between the Department of Justice and Toyota
immediately prompted speculation about its ramifications for
General Motors, which is under investigation over its
handling of a problem with ignition switches.

Mar 20, 2014

Toyota’s $1.2 bln settlement may be model for U.S. probe into GM

WASHINGTON/DETROIT, March 19 (Reuters) – Toyota Motor Corp
will pay a record $1.2 billion to resolve a criminal
probe into safety issues, in a deal that could serve as a
template for how U.S. authorities approach a similar
investigation into General Motors Co.

The settlement between the Justice Department and Toyota
includes an admission by the auto manufacturer that it misled
American consumers about two different problems that caused cars
to accelerate even as drivers tried to slow them down.