PA Gas Drilling Fined Co. Over Fracking Fluid Spill
Fracking Fluid Spill Hazards. Atlas Resources LLC, a natural gas drilling company with operations in Pennsylvania’s Marcellus shale region, has been fined $97,350 for a spill of hydraulic fracturing fluids in the southwest part of the state. According to a press release from the Pennsylvania Department of Environmental Protection … [Read more...]
PA Gas Drilling Fined Co. Over Fracking Fluid Spill
Fracking Spill Hazards. Atlas Resources LLC, a natural gas drilling company with operations in Pennsylvania’s Marcellus shale region, has been fined $97,350 for a spill of hydraulic fracturing fluids in the southwest part of the state. According to a press release from the Pennsylvania Department of Environmental Protection (DEP), … [Read more...]
Defective Fan Maker Fined $500,000
Lasko Pay Civil Penalty For Defective Fan. Lasko Products will pay $500,000 in a civil penalty for its failure to report defective fans, the U.S. Consumer Product Safety Commission (CPSC) just announced. The CPSC has provisionally accepted the fine to be paid by Lasko, which settles allegations that Lasko failed to immediately … [Read more...]
Ikea Fined Over Candles
IKEA Pay Civil Penalty For Defective Candles. The U.S. Consumer Product Safety Commission (CPSC) issued a press release today announcing that IKEA North America Services, LLC has agreed to pay the government a $500,000 civil penalty involving defective outdoor candles. This, following a recall last week involving blinds also sold by … [Read more...]
American Red Cross Fined by FDA
American Red Cross Sterility Issues. The U.S. Food and Drug Administration (FDA) just fined the American Red Cross $1.7 million for its failure to properly manage the nation's blood supply. The FDA found that the Red Cross washed six units of red blood cells with hypertonic saline solution. Sterile normal saline solution should … [Read more...]
Eight Firms Fined Over Dangerous Drawstring Clothing
Recalled Drawstring Clothing Pose A Strangulation Hazard. Several firms that sold children's clothing with drawstrings that posed a strangulation hazard have agreed to pay a total of $320,000 in fines, the Consumer Products Safety Commission (CPSC) announced today. According to the announcement, the firms failed to report to the … [Read more...]
Reebok Fined $1 Million for Lead Charm Bracelet that Killed Child
Reebok Pay 1 Million Dollar Fine For Charm Bracelet. Reebok International, Ltd.has agreed to pay a one-million-dollar fine for giving away hundreds of thousands of lead-laced charm bracelets. The bracelets killed one child, according to the Consumer Product Safety Commission (CPSC). "The penalty settles allegations that Reebok … [Read more...]
Robertson Stephens Fined For IPOs
Fine Against Robertson Stephens. Regulators levied a $28 million fine against Robertson Stephens for charging illegally high commissions on initial public offerings during the bull market years. Separately, the Securities and Exchange Commission filed a civil action against Paul Johnson, 42, a former managing director and senior … [Read more...]
Arthur Andersen Fined, Gets 5 Years Probation
Arthur Andersen Fined For Obstruction Of Justice. The Arthur Andersen accounting firm was sentenced yesterday to five years' probation and fined $500,000 US for obstruction of justice for its handling of documents related to the collapse of energy trader Enron Corp. last year. The punishment is the maximum allowed under U.S. law. … [Read more...]
