AMR Corp.’s American Airlines agreed to give evidence against other carriers and pay $5 million to a group of freight shippers to settle a New York class-action lawsuit over its role in a global price-fixing cartel.
Under the deal, American will provide witnesses, documents and electronic data to help shippers in similar cases in Canada, Australia, South Korea and other countries, the group’s lawyer, Michael Hausfeld of Hausfeld & Co. LLP, said in a statement in London today. The agreement, filed July 26 in federal court in Brooklyn, New York, is the first by an airline to help prosecute the cartel claims outside the U.S., he said.
Dell will pay US$100 million to resolve an investigation by the U.S. Securities and Exchange Commission into the company's past accounting and financial reporting practices, it said Thursday.
The settlement also resolves the SEC's investigation into Dell's disclosures and alleged omissions regarding certain aspects of its commercial relationship with Intel, Dell said in a statement.
Resolving a high-profile government case linked to the mortgage meltdown, Goldman Sachs & Co. has agreed to pay a record $550 million to settle civil fraud charges that it misled buyers of complex investments.
The Securities and Exchange Commission announced the settlement Thursday with the Wall Street titan, just hours after Congress gave final approval to legislation imposing the stiffest restrictions on banks and Wall Street firms since the Great Depresssion.