Wedbush Securities, a reputable financial firm, has reached a settlement agreement to pay $350,000 over allegations surrounding a significant hacking incident. As per regulators, this security breach resulted in the theft of millions of dollars worth of client assets. Over a span of nine days, Wedbush carried out transfers exceeding $6.6 million under the directions of the … [Read more...] about Wedbush Securities Settles Hacking Allegations
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Biofrontera Resolves Dispute with Maruho, Shares Rise
Shares of Biofrontera, a dermatology-focused biopharmaceutical company, saw a boost after announcing a resolution to an ongoing dispute with pharmaceutical company Maruho. In a securities filing released on Wednesday, Biofrontera disclosed that it had entered into a confidential settlement agreement and share transfer agreement with Maruho. The dispute between the two companies … [Read more...] about Biofrontera Resolves Dispute with Maruho, Shares Rise
Hilcorp San Juan to Pay $34.6 Million for Underpaid Royalties
Hilcorp San Juan has agreed to pay a sum of $34.6 million as part of a settlement with the Department of Justice. The settlement resolves allegations that the company knowingly underpaid royalties owed on oil and natural gas produced from federal lands. Cooperating fully with the investigation, Hilcorp expressed its satisfaction in reaching an agreement to resolve the matter. … [Read more...] about Hilcorp San Juan to Pay $34.6 Million for Underpaid Royalties
3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
3M, the multinational conglomerate, has recently reached a settlement of $6.5 million over charges of violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act. According to the Securities and Exchange Commission (SEC), employees of 3M's Chinese subsidiary engaged in inappropriate practices. They arranged for Chinese government … [Read more...] about 3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
3M Co. Close to $5.5 Billion Settlement over Defective Earplugs
3M Co. is reportedly nearing a $5.5 billion settlement in relation to defective combat earplugs, as reported on Sunday. The company is close to resolving more than 300,000 lawsuits related to earplugs that failed to adequately protect military veterans from hearing loss. Experts had predicted that 3M could be held liable for approximately $10 billion, so the proposed settlement … [Read more...] about 3M Co. Close to $5.5 Billion Settlement over Defective Earplugs
