When JPMorgan Chase & Co.’s Jamie Dimon got a 74 percent raise in January, U.S. Attorney Preet Bharara fumed. He had forced the bank just weeks before to pay $1.7 billion for enabling Bernard Madoff’s Ponzi scheme. And yet Dimon was being rewarded.
Legislation enacted by the Dutch government in 2006, splitting the country’s four largest energy companies into commercial and transmission operations, is in conflict with European law, a court in The Hague ruled today.
A Hamburg court ordered Germany to pay back utilities, mostly EON SE and RWE AG, a combined 2.2 billion euros ($3 billion) in nuclear-fuel taxes after they mounted a legal challenge to the charges introduced in 2011.