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  • Retail giant Target agrees to pay $22.5m to settle allegations it illegally dumped toxic waste
    an independent auditor to check compliance for three years An Alameda County judge will review the deal on March 2 Target which has 236 stores in California and almost 1 750 across the U S faces multiple allegations of breaking the state s waste disposal laws In 2009 Jerry Brown California s then attorney general and now its governor along with 20 counties and the city of Los Angeles sued the chain at Alameda County Superior Court for illegally dumping bleach oven cleaner and paint into the state s landfill sites Environmental health inspectors issued more than 300 notices of violations in eight years according to the San Francisco Chronicle Prosecutors accused Target of pouring returned or defective chemicals down the drain and throwing incompatible combustible liquids like ammonia and bleach into rubbish bins The Minneapolis based chain also faces accusations it gave toxic waste to local charities including the Los Angeles Regional Food bank which received more than 5 000lb of unusable flammable and toxic products in 2008 reports the Los Angeles Times According to the terms of the deal Target will pay around 3 4million to the California attorney general s office as well as smaller sums to

    Original URL path: http://www.911omissionreport.com/target_22mln.html (2016-02-14)
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  • SEC says Daimler made $56 million in bribe payments
    the SEC s charges according to the proposed consent order A Daimler spokesman was not immediately available for comment The transactions in at least 22 countries spanned almost a decade and involved at least 6 300 commercial vehicles and some 500 passenger cars including luxury sedans given to senior foreign government officials according to the SEC charges Some of the payments in question were routed to U S bank accounts or to foreign bank accounts of shell companies in the United States the government has alleged In an example of the gifts extended Daimler tried to curry favor to enter the Turkmenistan market by giving two armored vehicles worth at least 550 000 euros to a senior government official the SEC said The company also had a book authored by the official translated into German as a gift In another instance Daimler set aside 11 000 euros to pay for a lavish vacation through Europe including Paris and Venice for six Chinese officials the SEC said adding that the company paid for 16 such trips in connection with 120 million in vehicle sales to the Chinese government customers Additionally the SEC accused Daimler of paying kickbacks in the United Nations

    Original URL path: http://www.911omissionreport.com/daimler_bribe.html (2016-02-14)
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  • Johnson & Johnson settles bribery case with feds
    s Tylenol and Benadryl contact lenses and orthopedic hips Last month federal health regulators took legal control of the plant where millions of bottles of defective medication were produced The New Brunswick N J based health care company sells everything from Band Aids to biotech drugs J J said it has cooperated with the Department of Justice on its criminal investigation since 2007 It alerted the U S government to the medical device kickbacks and identified similar violations across multiple businesses over the next three years it said We went to the government to report improper payments and have taken full responsibility for these actions said William Weldon Chairman and CEO of J J I know that these actions are not representative of Johnson Johnson employees around the world who do what is honest and right every day A spokeswoman for the company added that none of the employees cited in the charges are currently employed by J J The company will pay 21 4 million in criminal penalties for improper payments and return 48 6 million in illegal profits according to the government Department of Justice officials said penalties against the company were reduced because J J cooperated with investigators We are committed to holding corporations accountable for bribing foreign officials while at the same time giving meaningful credit to companies that self report and cooperate with our investigations said Mythili Raman a deputy assistant attorney with the Department of Justice In a separate announcement United Kingdom regulators said they reached a 7 9 million settlement with J J over illegal payments made to orthopedic doctors in Greece The U K s Serious Fraud Office said it launched its investigation in 2007 after receiving information about the payments from U S authorities Under terms of the U S settlement

    Original URL path: http://www.911omissionreport.com/johnson_n_johnson.html (2016-02-14)
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  • J&J Said to Agree to Pay $1 Billion in Risperdal Marketing Probe
    represents 31 percent of Risperdal s peak sales in 2007 before generic versions of the medicine eroded revenue It s about 5 6 percent of the drug s cumulative sales since 2003 Approved for Schizophrenia The Food and Drug Administration approved Risperdal in 1993 for psychotic disorders including schizophrenia That market is limited and J J s Janssen unit sought to sell Risperdal for bipolar disorder dementia mood and anxiety disorders and other unapproved uses according to documents in a lawsuit against J J by the state of Louisiana It was later approved for other uses Company officials said in an SEC filing in May that they had reserved funds to resolve the government s claims over Risperdal marketing The company didn t say how much had been set aside The drugmaker said in an August filing it added an unspecified amount to the reserve to cover criminal penalties When the final settlement will be announced isn t clear The Justice Department typically announces civil and criminal resolutions at the same time in corporate cases A majority of U S states will join the settlement the people said Which ones will accept the final agreement hasn t been determined they said Each state can decide whether to join the federal government s settlement or pursue its own case Texas Trial Typically states with cases in court continue to pursue their own Texas alone is asking for more than 1 billion in a case that goes to trial in state court in Austin next week Jury selection begins on Jan 9 J J and Janssen deny any wrongdoing in the Texas case Janssen is prepared to vigorously defend itself against these claims Mueller said in an e mail We are committed to ethical business practices and have policies in place to ensure that our products are only promoted for their FDA approved indication J J and Janssen have been sued by 12 states including Texas South Carolina and Louisiana over Risperdal marketing The attorneys general of the other states have indicated a potential interest in pursuing similar litigation against Janssen J J said in its quarterly SEC filing in November A jury in Louisiana weighing claims that the company downplayed the drug s risks awarded that state 257 7 million in 2010 A South Carolina judge last year ordered J J to pay 327 million over Risperdal sold in the state Unapproved Uses Hundreds of Janssen salespeople sold to doctors nursing homes Veteran s Administration facilities and jails according to documents in the Louisiana case Marketers gave doctors materials about studies of unapproved uses for Risperdal Janssen sponsored clinical trials of its effects on other illnesses In 1994 1999 and 2004 the FDA ordered Janssen to stop making false and misleading marketing claims about Risperdal s superiority The FDA told J J in 1999 that its marketing materials for geriatric patients overstated Risperdal s benefits and minimized risks A J J business plan for the next year called for increasing the

    Original URL path: http://www.911omissionreport.com/johnson_1bln.html (2016-02-14)
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  • Ex-IBM exec pleads guilty in inside trading case
    with the government s probe During a hearing in U S District Court in Manhattan Moffat told the magistrate in a shaky voice that he provided inside information between August and October 2008 to Daniele Chiesi a friend and a co defendant in the case At the time Moffat was senior vice president and group executive at International Business Machines Corp s Systems and Technology Group I disclosed this information in this case intentionally and I knew that what I was doing was wrong he said After the plea Moffat s lawyer Kerry Andrew Lawrence released a statement saying his client accepted responsibility for his conduct in improperly disclosing confidential information to Chiesi The lawyer wrote that Moffat never engaged in any trading in connection with inside information he gave out and he received no money or other financial benefit in return Mr Moffat deeply regrets his conduct and is deeply sorry for the embarassment his conduct has caused to his family and to his former employer IBM the statement said Chiesi 44 of Manhattan has pleaded not guilty to charges in the insider trading scheme that could carry a potential penalty of up to 155 years in prison Chiesi worked for New Castle the equity hedge fund group of Bear Stearns Asset Management Inc that had assets worth about 1 billion under management She has asked that her trial be severed from the trial of Galleon Group founder Raj Rajaratnam 52 He too has denied securities fraud charges that were first brought in October Once described as one of wealthiest men in the United States Rajaratnam remains free on 100 million bail Charges against him carry a potential penalty of up to 185 years in prison Prosecutors say Rajaratnam may have made more than 50 million through improper securities

    Original URL path: http://www.911omissionreport.com/ibm_inside_trading.html (2016-02-14)
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  • Dell paying $100 million in SEC deal
    paying 4 million Associated Press July 22 2010 WASHINGTON AP Computer maker Dell Inc is paying 100 million to settle federal regulators charges of using fraudulent accounting to meet Wall Street earnings targets Under the settlement announced Thursday by the Securities and Exchange Commission company Chairman and CEO Michael Dell agreed to pay a 4 million civil penalty The SEC said the company also failed to disclose to investors large

    Original URL path: http://www.911omissionreport.com/dell_100mln.html (2016-02-14)
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  • Adelphia founder John Rigas found guilty
    It was the eighth day of deliberations following a three month trial Sand said he would give further instructions Friday on the undecided counts against Michael Rigas 50 He sent jurors home for the day and instructed them not to listen to media coverage of the case Ladies and gentlemen you ve been working very hard and your task is not over he said The Rigases and Mulcahey were charged with hiding 2 3 billion in debt at the cable company deceiving investors and stealing company cash to line their own pockets The verdict marked another success in Manhattan for federal prosecutors who won convictions against Martha Stewart in March and former star technology banker Frank Quattrone in May The elder Rigas founded the company in 1952 in tiny Coudersport Pa and turned it into one of the nation s largest cable firms While most of the alleged fraud took its form in hidden debt the trial was also notable for examples of the eye popping personal luxury that has marked other white collar trials Prosecutor Christopher Clark led off his closing argument by saying John Rigas had ordered two Christmas trees flown to New York at a cost of 6 000 for his daughter Rigas also ordered up 17 company cars and the company purchase of 3 600 acres of timberland at a cost of 26 million to preserve the pristine view outside his Coudersport home Peter Fleming his lawyer told the jurors that the claim was ridiculous If you saw this on Seinfeld you d double up and that the company simply wanted to keep the small town attractive to its employees Still the Adelphia founder stole with such gusto from his company prosecutors said that Timothy Rigas became concerned and limited his father to withdrawals of 1

    Original URL path: http://www.911omissionreport.com/adelphia.html (2016-02-14)
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  • New documents boost egg-price fixing lawsuit claim
    economics of the market Consumers will pay more said attorney Michael Hausfeld the lead attorney in the civil antitrust case against at least 13 of the nation s largest producers and trade groups including industry giant Eggland s Best Inc of Jeffersonville Pa The plaintiffs attorneys say the new documents from Sparboe Farms of Minnesota the nation s fifth largest egg producer bolster the price fixing allegations uncovered during California s 2008 Proposition 2 referendum that bans caged chickens by 2015 The United Egg Producers had called the stock reduction an animal welfare effort to give caged chickens more room The suit maintains it was a ruse to reduce the number of egg laying hens and increase prices An attorney representing the defendants did not return a phone message left with her assistant Officials of the United Egg Producers referred calls to an attorney who also did not immediately return telephone messages The documents and Hausfeld s amended complaint unsealed Thursday are part of a civil suit filed U S District Court in Philadelphia in 2008 on the behalf of restaurants and food processors nationwide Sparboe agreed to turn over documents and communications with the United Egg Producers in exchange for being dropped from the lawsuit Sparboe owner Beth Schnell was traveling in Europe and could not immediately be reached for comment but a letter the company wrote to the trade group in 2003 expressed concern that the order for stock reductions strikes of price fixing to us Sparboe s documents include one from the United Egg Producers research economist that says the egg industry could earn more money by reducing the supply of eggs As a result of the new documents the Humane Society of the United States sent a letter Monday to U S Attorney General Eric Holder

    Original URL path: http://www.911omissionreport.com/egg-price_fixing.html (2016-02-14)
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