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  • ZURICH, Oct 27- Novartis has agreed in principle to pay $390 million to settle U.S. allegations that it used kickbacks to speciality pharmacies to push sales of some drugs, the Swiss company said on Tuesday, hitting third-quarter earnings. The U.S. Department of Justice had sued Novartis in the Manhattan federal court, saying the world's biggest seller of...

  • Oct 26- A U.S. judge on Monday expressed strong doubts that he had the legal authority to order Apple Inc to access data on a locked iPhone that was seized as part of a federal investigation. Magistrate Judge James Orenstein told government attorneys at a hearing in Brooklyn federal court. Orenstein asked Apple and the U.S. Justice Department for arguments on the...

  • US escalates Deutsche Bank probe Monday, 26 Oct 2015 | 6:00 AM ET
    US escalates Deutsche Bank probe

    The DoJ and DFS are escalating a Deutsche Bank probe into Russian mirror trades worth $6 billion.

  • Paul Thompson, one of seven Rabobank traders indicted in New York, has been scheduled to appear in Magistrates Court of Western Australia on Oct. 28 following his arrest in the state capital Perth on Thursday, the official said. Thompson was the Dutch bank's head of money market and derivatives trading for Northeast Asia, according to a U.S. Justice Department...

  • WASHINGTON, Oct 15- U.S. and Alaskan authorities have ended their efforts to seek additional damages from Exxon Mobil Corp over the 1989 Exxon Valdez oil spill and the subsequent settlement, the Department of Justice said on Thursday. The department said in a statement that it is "bringing to a close the federal and state judicial actions" against the company and...

  • UPDATE 1-FTC joins U.S. probe of Volkswagen emissions Wednesday, 14 Oct 2015 | 3:31 PM ET

    WASHINGTON, Oct 14- The U.S. Federal Trade Commission, which probes companies accused of deceptive advertising, has joined the Justice Department and Environmental Protection Agency in investigating Volkswagen, which is accused of lying about emissions from diesel cars. The FTC is coordinating with EPA and Justice, agency spokesman Justin Cole said.

  • FTC joins U.S. probe of Volkswagen emissions Wednesday, 14 Oct 2015 | 3:19 PM ET

    WASHINGTON, Oct 14- The U.S. Federal Trade Commission, which probes companies accused of deceptive advertising, has joined the Justice Department and Environmental Protection Agency in investigating Volkswagen, which is accused of lying about emissions from diesel cars.

  • Oct 14- U.S. authorities are looking at Goldman Sachs Group Inc's role as an advisor to Malaysian state development fund 1 MDB as part of a broad probe into allegations of corruption and money laundering, the Wall Street Journal reported on Wednesday. Inquiries by the Federal Bureau of Investigation and the U.S. Department of Justice are at the...

  • Oct 13- The U.S. Department of Justice said a sophisticated botnet designed to steal banking and other credentials from infected computers has been disrupted, and its administrator arrested. The DoJ said on Tuesday the Moldovan administrator, Andrey Ghinkul, had been arrested on Aug. 28 in Cyprus, and the United States is currently seeking his extradition.

  • The trial of Anthony Allen, 44, and Anthony Conti, 46, in federal court in Manhattan marks the first in a case by the U.S. Justice Department spilling out of a global investigation into whether various banks sought to manipulate Libor. Those investigations have resulted in charges against 22 people in the United States and United Kingdom and around $9 billion in...

  • NEW YORK, Oct 13- The U.S. Justice Department has determined that Apple Inc has implemented significant improvements to its antitrust compliance program and that a court-appointed monitor's term does not need extended, according to a court filing. The Justice Department in a letter filed late Monday in Manhattan federal court said its recommendation was...

  • WASHINGTON, Oct 12- The U.S. Justice Department is probing allegations that Anheuser-Busch InBev is seeking to curb competition in the beer market by buying distributors, making it harder for fast-growing craft brewers to get their products on store shelves, according to three people familiar with the matter. The Justice Department review comes at an awkward...

  • WASHINGTON, Oct 12- The U.S. Justice Department has raised concern about demands by U.S. airlines that the government limit flights of three Middle Eastern rivals to the United States, three sources familiar with the matter have said. Justice Department antitrust officials warned of higher fares and fewer choices for consumers if the Obama administration...

  • U.S. indicts three in auto parts price-fixing probe Thursday, 8 Oct 2015 | 4:56 PM ET

    WASHINGTON, Oct 8- Two former executives of Nishikawa Rubber Co and one current executive from the company were indicted on Thursday for allegedly conspiring to fix the prices of weather-stripping and rubber seals for cars made in the United States. The U.S. Justice Department identified the three executives as Keiji Kyomoto, Mikio Katsumaru and Yuji Kuroda,...

  • kickbacks from Abbott Labs- DOJ@. WASHINGTON, Oct 7- Nursing home pharmacy PharMerica Corp will pay $9.25 million "to resolve allegations that it solicited and received kickbacks" to promote Abbott Labs' psychiatric drug Depakote for nursing home patients, the Department of Justice said on Wednesday. About $6.75 million of the settlement will go to the federal...

  • In written testimony submitted to a House oversight panel a day ahead of a Thursday hearing, the EPA officials also said that Volkswagen AG concealed information about its ploy to cheat on diesel emissions after higher emission levels were discovered. The EPA is investigating the scandal in the United States in conjunction with the U.S. Department of Justice.

  • NEW YORK, Oct 6- Apple Inc' s antitrust compliance program has improved, but the company continues to impede a court-appointed monitor overseeing the program, acting as "its own worst enemy," the monitor told a federal judge in a report made public on Tuesday. Justice Department inspector general whose relationship with Apple has been strained from the outset, was...

  • WASHINGTON/ NEW YORK, Oct 5- The U.S. Supreme Court on Monday rejected a U.S. Justice Department bid to restore the insider trading convictions of two hedge fund managers and reverse a lower court's ruling that prosecutors contend will make it harder to bring such cases. In a blow to federal prosecutors, the justices left in place a December ruling by the 2nd U.S....

  • WASHINGTON, Oct 4- Former Federal Reserve Chairman Ben Bernanke said in a newspaper interview published on Sunday that more corporate executives should have been prosecuted for their actions leading up to the 2008 financial crisis. Bernanke told USA Today that the U.S. Justice Department and other law enforcement agencies focused on investigating or...

  • WASHINGTON, Sept 25- Two more Swiss banks will pay fines to the United States as part of settlements that mean they will not face criminal charges for helping Americans avoid taxes, U.S authorities said on Friday. Migros Bank AG will pay approximately $15 million and Graubündner Kantonalbank will pay $3.6 million, the U.S. Justice Department said in a statement.