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  • CA Inc. To Pay $45 Million For Alleged False Claims On Government-Wide Information Technology Contract

    Date 11/03/2017

    CA Inc. (CA) has agreed to pay $45 million to resolve allegations under the False Claims Act that it made false statements and claims in the negotiation and administration of a General Services Administration (GSA) contract, the Department of Justice announced today.  CA is an information technology management software and services company headquartered in New York, New York. 

  • Volkswagen AG Pleads Guilty In Connection With Conspiracy To Cheat U.S. Emissions Tests

    Date 11/03/2017

    Volkswagen AG (VW) pleaded guilty in federal court in Detroit today to three felony counts charging: (1) conspiracy to defraud the United States, engage in wire fraud, and violate the Clean Air Act; (2) obstruction of justice; and (3) importation of merchandise by means of false statements.  As part of the plea, VW agreed to pay a $2.8 billion penalty as a result of the company’s decade-long scheme to sell diesel vehicles containing software designed to cheat on U.S. emissions tests.  In January 2017, VW had agreed to plead guilty to resolve these criminal charges.

  • ICAP Europe, Tullett Prebon And Lloyds Dismissed From Yen Libor Litigation In US

    Date 10/03/2017

    U.S. District Judge George Daniels in Manhattan dismissed Lloyds Banking Group, ICAP Europe and Tullett Prebon as defendants from litigation alleging a conspiracy among many financial services companies to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. The judge said he lacked personal jurisdiction over the three British companies.

  • Intercontinental Exchange Sets New Total Volume Record And Euribor Volume Record

    Date 10/03/2017

    Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced a new total daily volume record of 10,703,582 contracts set on March 9, 2017.

  • SEC Rejects Winklevoss Brothers Bitcoin ETF

    Date 10/03/2017

    The U.S. Securities and Exchange Commission today rejected an exchange-traded fund based on bitcoin.