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Tag: million
United Technologies (UTX) Stock Higher Today After Judge Reverses $657 Million Lawsuit Ruling
2015-04-07 19:12:18| Paper - Topix.net
The original judgement stipulated that the company was liable to pay the U.S. government restitution over what was initially ruled to be misleading statements by the company when it was competing with GE for a government contract to build the engines for the country's F-15 and F-16 fighter jets in 1983. The appellate court ruling reverses a district court's 2013 ruling in the case and sends the proceedings back to that court which originally found United Technologies liable for six years of overcharges.
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united
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million
Court Finds In Favor Of Harbinger On $50 Million Claim Involving...
2015-04-07 19:08:18| Food - Topix.net
In a lengthy opinion detailing extensive findings of fact and law, a New York federal district court entered its order in favor of Harbinger F&G, LLC and against OM Group Limited in an action stemming from claims arising from the stock purchase agreement for the purchase of Old Mutual Financial Life Insurance Company by Harbinger from OM Group. Under the Agreement, Harbinger was entitled to a $50 million purchase price reduction if the Maryland insurance regulators did not approve a post-closing transaction between Old Mutual and Front Street Re, a reinsurance company owned indirectly by Harbinger, and if Harbinger fulfilled certain other conditions precedent.
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Court Finds In Favor Of Harbinger On $50 Million Claim Involving...
2015-04-07 19:04:43| Agriculture - Topix.net
In a lengthy opinion detailing extensive findings of fact and law, a New York federal district court entered its order in favor of Harbinger F&G, LLC and against OM Group Limited in an action stemming from claims arising from the stock purchase agreement for the purchase of Old Mutual Financial Life Insurance Company by Harbinger from OM Group. Under the Agreement, Harbinger was entitled to a $50 million purchase price reduction if the Maryland insurance regulators did not approve a post-closing transaction between Old Mutual and Front Street Re, a reinsurance company owned indirectly by Harbinger, and if Harbinger fulfilled certain other conditions precedent.
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court
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favor
$52 Million Wellness Center under Construction at Worcester State University
2015-04-07 18:37:00| American School & University
Worcester State University in Worcester, Mass., is building a 101,000-square-foot Wellness Center to replace a gymnasium facility constructed in 1958. Content Classification: Curated read more
Tags: state
center
university
million
Department of Justice Imposes More Than $110 Million in Fines on Medical Device Makers
2015-04-07 07:53:54| Biotech - Topix.net
On March 19, 2015, the U.S. Department of Justice and the U.S. Department of Health and Human Services issued their joint annual report on health care fraud and abuse control. 1 The annual report states that during fiscal year 2014, the federal government won or negotiated approximately $3.3 billion in judgments and settlements, and attained additional administrative impositions in health care fraud cases and proceedings.
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medical
million
device
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