UnumProvident Accepts Penalty
UnumProvident Agreed To Pay Fines. The UnumProvident Corporation agreed to pay $15 million in fines and reassess 200,000 denied claims to end investigations by attorneys general of several states and federal regulators into the denial of disability benefits, the company said Thursday. The company estimates the settlement will cost … [Read more...] about UnumProvident Accepts Penalty
Judge Increases Citgo Penalty in 2006 Louisiana Oil Spill
Louisiana Oil Spill Poses Danger To Residents. A Louisiana federal judge has imposed an $81 million penalty on Citgo Petroleum Corp. for gross negligence stemming from a 2006 oil spill at a refinery in Lake Charles, Louisiana. In 2013, the Fifth Circuit rejected the original $6 million penalty and negligence finding … [Read more...] about Judge Increases Citgo Penalty in 2006 Louisiana Oil Spill
Magnetix Maker to Pay $1.1 Million Penalty
Magnetix Toys Manufacturer Pay Civil Penalty. The maker of recalled Magnetix toys will pay a $1.1 million civil penalty for selling the dangerous toys. According to the Consumer Products Safety Commission (CPSC), Mega Brands America, formerly Rose Art Industries Inc., failed to provide the government with timely information … [Read more...] about Magnetix Maker to Pay $1.1 Million Penalty
Andersen Hit With Maximum Penalty
Andersen Obstructed A Federal Inquiry. A federal judge Wednesday imposed the maximum punishment on Arthur Andersen LLP for its part in obstructing a federal inquiry into the collapse of former client Enron Corp., saddling the onetime accounting giant with a $500,000 fine and five years of probation. As part of the probation, U.S. … [Read more...] about Andersen Hit With Maximum Penalty
