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"American and Globe took a hard look at the potential jury verdicts that may be rendered against them in light of the particular circumstances," the parties wrote, adding that the potential benefits of settling "clearly outweighed the actual cost of the settlements themselves".
Chicagoans will expect to pay double the cost of the settlements in interest, The Chicago Reporter revealed.
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The penalties and disgorgement charges amount only to three-fifths of the cost of the settlement.
In those cases, the companies' insurance policies did not cover the cost of the settlement.
The cost of the settlement itself is being split between Del Monte and Barclays.
Merck said it had recorded a $493 million charge to cover the cost of the settlement.
The cost of the settlement reduced Health Net's third-quarter net income, the company said.
The cost of the settlement is covered by Glaxo's legal reserves, the drug maker said.
It said the cost of the settlement would be covered by previous accruals.
Dr. Zarkin's malpractice insurance is expected to cover the cost of the settlement.
The total cost of the settlement to Citigroup will be $400 million.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com