Alcoa Inc., the largest U.S. aluminum producer, agreed to settle a racketeering lawsuit brought by Aluminium Bahrain BSC, which claimed it overcharged for materials after bribing senior company officials and the government in Bahrain.
Alcoa Inc., the largest U.S. aluminum producer, wants a racketeering lawsuit filed against it by Bahrain’s state-owned aluminum producer reopened by a judge, saying that it will seek to dismiss the case.
Bahrain’s state-owned aluminum producer asked a court to let it proceed with racketeering claims that it overpaid for raw materials because of bribes directed by Alcoa Inc., the largest U.S. aluminum producer.
Six former HSH Nordbank AG executives were charged with breach of trust and accounting crimes over their role in collateralized-debt obligations that led to writedowns of 500 million euros ($647 million) in 2008.
UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives globally, three people with knowledge of the inquiry said.
Roman Abramovich told a London court in a $6.8 billion-dollar fight with Boris Berezovsky that he didn’t seek an extravagant lifestyle with houses in France and the U.K. before he bought the Chelsea Football Club in 2003.
Alcoa Inc. was accused of using a middleman to bribe officials at Bahrain’s state-owned aluminum producer to reap more than $400 million in illegal profit, according to new claims filed in a racketeering lawsuit.