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Christie calls $225M Exxon Mobil settlement 'really good'

2015-03-10 21:30:09| Chemicals - Topix.net

Gov. Chris Christie says a settlement with Exxon Mobile for a fraction of the nearly $9 billion sought by New Jersey in a lawsuit is "really good." He said Tuesday that the $225 million settlement is on top of money the company will have to pay for environmental damage.

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Goodyear FCPA Settlement Highlights Importance of Thorough Pre-Acquisition Due Diligence

2015-03-10 21:15:13| Industrial Machines - Topix.net

On February 24 the SEC charged Ohio-based Goodyear Tire and Rubber Company with violating the books and records provisions of the Foreign Corrupt Practices Act . Goodyear agreed to pay $16.2 million to settle the charges, which stemmed from allegations that the company failed to prevent or detect bribes amounting to more than $3.2 million distributed by local executives at two of its Sub-Saharan subsidiaries in order to obtain tire sales.

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Lawmakers move to halt New Jersey's $225M Exxon settlement

2015-03-10 13:20:47| Energy - Topix.net

A New Jersey legislative committee advanced a resolution on Monday calling for the rejection of a deal Gov. Chris Christie's administration announced last week to settle a decade-old lawsuit against Exxon Mobil for $225 million, a fraction of what the state previously sought for environmental damage from the oil company. The resolution that the state Senate's environmental committee sent to the full Senate was the first formal action that lawmakers have taken about the settlement.

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