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Settlements of actions against Swiss banks and German industry worth over $6.2 billion were recently approved.
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Federal authorities announced on Monday the settlement of actions against Ralph Lauren Corporation related to bribes paid to officials in Argentina from 2005 to 2009.
But Whittingdale added: "If that is the case it does beg the question why News International have apparently paid huge sums of money in settlement of actions in the courts.
Settlements of enforcement actions using the "neither admit nor deny" construct have been the focus of increased scrutiny, including in the recent Citigroup case, where United States District Court Judge Jed S. Rakoffrejected a $285 million settlement between the financial company and the commission.
And that figure exlcudes potentially huge settlements of class action suits brought by disgruntled investors.
A proposed settlement of those actions was recently tossed out by a federal judge in Baltimore.
Kevin LaCroix's D&O Diary blog has already compiled a list of 55 settlements of these class actions, some of which have been settled, including Countrywide Financial's $624 million agreement.
The Trade » Class-Action Settlements at Decade Low in 2011 | The number of court-approved settlements of securities class-action lawsuits tumbled 25 percent last year, according to a new study by Cornerstone Research.
By mid-June, when the companies announced settlements of huge class action lawsuits a day apart, he was reeling.
The number of court-approved settlements of securities class-action lawsuits tumbled 25 percent last year, to 65, according to a new study published on Wednesday by Cornerstone Research.
Cornerstone Research recently found that the number of court-approved settlements of securities class-action suits fell 25 percent in 2011, to 65 — the lowest level in more than a decade.
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