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Chevron reaches $340 million tax settlement with Australian Taxation Office
Chevron AustraliaSunday August 20, 2017 7:13AM ET
Chevron has dropped a High Court appeal against a $340 million tax bill after making a deal with the Australian Taxation Office.
Former CEO of Arthrocare convicted for $750 million securities fraud
ArthroCare CorporationSaturday August 19, 2017 8:25AM ET
A federal jury convicted the former chief executive officer of ArthroCare Corporation, a publicly traded medical device company based in Austin, Tx., for his role in orchestrating a fraud scheme that resulted in shareholder losses of over $750 million.
Former UAW official charged in Fiat Chrysler payoff probe
Virdell KingSaturday August 19, 2017 7:18AM ET
A former senior official at the United Auto Workers trade union was charged with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles officials over a four-year period.
Mylan finalizes $465m settlement on Medicaid rebate classification for EpiPen
MylanThursday August 17, 2017 2:47PM ET
Mylan N.V. announced that its subsidiaries, Mylan Inc. and Mylan Specialty L.P., have signed an agreement with the U.S. Department of Justice (DOJ) and two relators finalizing the Medicaid drug rebate settlement that the Company announced on October 7, 2016 for $465 million.
Huntington Ingalls to pay $9.2 million to settle false billing allegations
Huntington IngallsWednesday August 16, 2017 5:29AM ET
Huntington Ingalls Industries (HII), a publicly traded company headquartered in Newport, Va., has agreed to a $9.2 million settlement of allegations that it violated the False Claims Act by knowingly overbilling the government for labor on U.S. Navy and Coast Guard ships at its shipyards in Pascagoula, Mississippi.
PWC fined 5.1 million pounds over audit
PWCWednesday August 16, 2017 5:16AM ET
Britain's accounting watchdog has fined audit firm PricewaterhouseCoopers (PWC) 5.1 million pounds and given it a severe reprimand after it admitted misconduct over its audit of collapsed accounting firm RSM Tenon.
SEC charges KPMG with audit failures
KPMGWednesday August 16, 2017 4:56AM ET
The Securities and Exchange Commission (SEC) announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being misinformed about the energy company’s value.
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