Company to Pay Fine for Toxic Toothpaste
Toxic Toothpaste Importer Pay Misdemeanor Fine. A toothpaste importer in Los Angeles has agreed to pay a misdemeanor fine for importing 80,000 tubes of poisoned toothpaste, News 10 San Diego is reporting. Selective Imports pleaded no contest in court and agreed to pay $33,000 to a charity in Los Angeles. The toxic … [Read more...]
WorldCom To Pay $750M Fine To Investors
WorldCom Emerge From Bankruptcy. Court approval Monday of a $750 million fine against WorldCom removes the last obstacle in the company's plan to emerge from bankruptcy. U.S. District Judge Jed S. Rakoff approved the settlement that will give shareholders and bondholders who invested in the formerly Clinton based company … [Read more...]
Firm To Pay Fine Of $5M Over Grubman’s Actions
Controversial Grubman's Actions. Salomon Smith Barney agreed to pay a $5 million fine Monday to settle charges it issued misleading research reports from controversial analyst Jack Grubman. The penalty was levied against the Citigroup Inc. investment banking division by the National Association of Securities Dealers. In a … [Read more...]
