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Hyundai Steel fined $275,600 for obstructing FTC's probe
Hyundai SteelMonday May 8, 2017 3:29AM ET
South Korea's corporate watchdog said that it has imposed a combined 312 million won ($275,600) on Hyundai Steel Co., the country's second-biggest steelmaker by sales, and its employees for obstructing an investigation and refusing to present evidence.
Johnson & Johnson ordered to pay $110m in cancer lawsuit
Johnson & JohnsonFriday May 5, 2017 8:46AM ET
A St. Louis jury has ordered Johnson & Johnson to pay more than $110 million to a Virginia woman who blamed the company's talcum products for her ovarian cancer.
South Korean FTC fines department stores for abusing contractors
Lotte Department StoreThursday May 4, 2017 5:38AM ET
The Fair Trade Commission (FTC) slapped a combined 2.2 billion won ($1.94 million) in fines on six local department stores.
U.S. intervenes in False Claims Act lawsuit against UnitedHealth Group
UnitedHealth GroupWednesday May 3, 2017 3:29AM ET
The United States has intervened and filed a complaint in a lawsuit against UnitedHealth Group Inc. (UHG).
Semiconductor company and former CFO settle accounting fraud charges
MagnaChip SemiconductorTuesday May 2, 2017 8:18AM ET
The Securities and Exchange Commission (SEC) announced that a South Korea-based semiconductor manufacturer and its former CFO have agreed to settle charges related to an accounting scheme to artificially boost revenue and manipulate the financial results reported to investors.
Blood testing laboratory to pay $6 million for unnecessary testing
Quest DiagnosticsMonday May 1, 2017 6:43AM ET
Quest Diagnostics Inc. has agreed to pay $6 million to resolve a lawsuit by the United States alleging that Berkeley HeartLab Inc., of Alameda, California, violated the False Claims Act by paying kickbacks to physicians and patients to induce the use of Berkeley for blood testing services and by charging for medically unnecessary tests.
Exxon owes $19.95 million for Texas refinery pollution
ExxonMobilThursday April 27, 2017 6:05AM ET
A federal judge ruled that ExxonMobil should pay a $19.95 million penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013.
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