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The company called the settlement a "business decision".
Similar(59)
The company denied making false claims and suggested that the settlement was a business decision that would help it avoid costly battles in court.
The ethics investigators found that Mr. Buchanan, one of the richest members of Congress, tried to get his ex-partner to sign a legal affidavit that he knew to be false before he would agree to pay the partner a $2.9 million settlement in a business dispute.
That leaves room for it to argue the settlement was a business decision, not a confession.Meanwhile, a far more significant battle continues with the Justice Department over the high ratings S&P and others accorded the bonds backed by residential mortgages that blew up during the financial crisis.
Despite the short-term costs, a negligible amount for a company with about $20 billion in sales last year, Coke officials and plaintiffs' lawyers characterized the settlement as a "business necessity," particularly because minorities in the United States drink a disproportionate share of its sodas.
Under consideration is whether Lagarde, as finance minister to Nicolas Sarkozy, broke the law by authorising a private arbitration and an out-of court settlement over a business deal involving the sports giant Adidas, which resulted in Tapie getting a €400m payout from the French taxpayer - allowing him to take home over €200m, after tax and costs.
But JPMorgan could still be allowed to write off certain parts of its settlement as a business expense.
Since 2003, it has barred companies from deducting settlement costs as a business expense.
He said he had agreed to the settlement "purely as a business decision".
The budget borrows against anticipated revenue from the national tobacco settlement, temporarily ends a business tax credit and restructures the state's bond debt.
On Tuesday, Patrick Desmond, an attorney for the city, called the officers' actions justified and said the settlement was simply a "business decision" made by the city's insurance company.
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