A food distributor in the Bronx must pay a $4.2 million fine and $4.2 million in restitution for rigging bids on contracts awarded by New York City schools and other agencies, a federal judge ruled yesterday.
In a fresh claim of cultural restitution, Greece launched an unprecedented bid yesterday to win back the Venus de Milo from the Louvre.
The nation's largest insurance brokerage on Monday agreed to pay $850 million in restitution to end an investigation into bid rigging, price fixing and the use of hidden incentive fees, according to New York Attorney General Eliot Spitzer.
[A12.] Insurance Company Settles Bid-Rigging Case The Zurich American Insurance Company said it would pay $153 million in restitution and penalties to settle accusations of bid rigging made by officials in New York, Connecticut and Illinois.
The Zurich American Insurance Company said Monday that it would pay $153 million in restitution and penalties to settle accusations of bid rigging made by officials in New York, Connecticut and Illinois.
WASHINGTON — The Swiss bank UBS agreed to pay $160 million in fines and restitution because former employees conspired to rig bids in the municipal bond derivatives market, federal and state officials announced on Wednesday.
UBS agreed in 2011 to pay US$160 million in restitution, penalties and disgorgement of profits for rigging bids in the U.S. municipal bond market, after the bank and three of its employees were charged by the U.S. Department of Justice in 2010.
Stringer wrote to Goldberg that Allianz's actions to expiate its guilt or make financial restitution should have nothing to do with a rejection of its bid.
The insurance company Ace has settled a bid-rigging investigation by Connecticut, Illinois and New York for $80 million in restitution and penalties, the New York attorney general, Eliot Spitzer, said Wednesday.
Last January, Marsh & McLennan, the insurance brokerage firm, agreed to pay $850 million in restitution to end an investigation by the New York attorney general, Eliot Spitzer, into bid rigging and price fixing.
