July 2, 2014
by Addison Morris
BNP Paribas (BNPP) pleaded guilty on Monday to criminal charges of violating US sanctions and will pay a penalty of almost $9 billion. The French bank has been under investigation for violating US money laundering laws by helping clients from Iran, Sudan and Cuba dodge US economic sanctions. The ...[read more]
June 19, 2014
by Jaclyn Belczyk
The US Supreme Court ruled unanimously Thursday in United States v. Clarke that a taxpayer can only question Internal Revenue Service (IRS) officials about their reasons for issuing a summons when he can "point to specific facts or circumstances plausibly raising an inference of bad faith." The ...[read more]
May 20, 2014
by Peter Snyder
Swiss bank Credit Suisse pleaded guilty Monday to a criminal charge for its role in helping Americans avoid taxes, according to a speech from US Attorney General Eric Holder. Credit Suisse will pay a $2.5 billion financial penalty to the Department of Justice (DOJ), the Internal Revenue Service ( ...[read more]
April 23, 2014
by Jaclyn Belczyk
The US Supreme Court heard oral arguments in two cases Wednesday. In United States v. Clarke the court heard arguments on whether an unsupported allegation that the Internal Revenue Service (IRS) issued a summons for an improper purpose entitles an opponent to an evidentiary hearing to question ...[read more]
February 5, 2014
by Peter Snyder
The European Commission reached a tentative settlement Wednesday with Google in connection to an ongoing EU antitrust investigation of the company. Google faces USD $5 billion in fines over accusations that the company's search engine is blocking competitors' content and promoting Google services. ...[read more]
December 3, 2013
by Kimberly Bennett
A French court on Monday ordered a trial for German car maker Daimler AG and French industrial conglomerate Lagardere SCA, shareholders in Airbus' parent European Aeronautic Defence & Space Co. (EADS), in an insider trading investigation dating back to 2006. EADS is a global pan-European ...[read more]
October 7, 2013
by Peter Snyder
The investigation into allegations that former French president Nicolas Sarkozy exploited L'Oreal heiress Liliane Bettencourt into donating illicit election campaign funds has been dropped, according to Monday reports. Bettencourt's accountant had stated she had passed ?150,000 to Sarkozy's UM... ...[read more]
September 25, 2013
by Elizabeth LaForgia
A French appeals court ruled Tuesday that an investigation may proceed into allegations that former president Nicolas Sarkozy exploited aging L'Oreal heiress Liliane Bettencourt into donating election campaign funds. A panel of judges for the Court of Appeals of Bordeaux denied a motion brought by ...[read more]
September 9, 2013
by Peter Snyder
The European Commission on Monday announced a new concession proposal from Google in connection to an ongoing EU antitrust investigation of the company. Google faces USD $5 billion in fines over accusations that the company's search engine is blocking competitors content and promoting Google ...[read more]
July 26, 2013
by Jaclyn Belczyk
The US Department of Justice (DOJ) announced Thursday that Halliburton Energy Services has agreed to plead guilty to destroying evidence in connection with the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Halliburton stands accused of destroying the results of an internal investigation ...[read more]

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