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Court to rule on $236M verdict in Exxon Mobil pollution case
2015-10-02 11:52:26| Chemicals - Topix.net
New Hampshire's highest court is set to rule on whether a record $236 million judgment should stand against Exxon Mobil in a groundwater contamination case. A jury reached the verdict in 2013 after finding the company liable in a long-running lawsuit over contamination by the gasoline additive MTBE.
TransAlta proposes price-fixing case settlement
2015-10-01 17:19:05| Energy - Topix.net
TransAlta Corporation is offering to pay a $56 million settlement after Alberta's regulator found it deliberately timed outages at power plants at peak times to drive up electricity prices. TransAlta said the proposal includes the repayment of money it made by the activity, legal costs and an administrative penalty.
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Former Siemens exec pleads guilty in bribery case
2015-10-01 00:53:03| Industrial Machines - Topix.net
A former Siemens AG executive pleaded guilty Wednesday in connection to a decadelong bribes-for-business investigation that reached the top echelons of the German engineering firm. In 2008, Siemens agreed to pay a combined $1.6 billion in connection to the scheme.
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Former Siemens exec pleads guilty in bribery case
2015-10-01 00:37:15| Telecom - Topix.net
A former Siemens AG executive pleaded guilty Wednesday in connection to a decadelong bribes-for-business investigation that reached the top echelons of the German engineering firm. In 2008, Siemens agreed to pay a combined $1.6 billion in connection to the scheme.
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Ex-Siemens exec expected to plead guilty in U.S. bribery case
2015-09-30 17:46:27| Industrial Machines - Topix.net
A former Siemens AG executive indicted in 2011 for participating in a $100 million scheme to bribe Argentine officials in order to win a contract is expected to plead guilty on Wednesday. Andres Truppel, a former chief financial officer of Siemens Argentina, is scheduled to appear in Manhattan federal court later in the day, U.S. prosecutors said, using language typically indicative of a guilty plea.
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