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The details of the potential settlements were first reported by The Wall Street Journal.
In the eyes of plaintiffs' lawyers, the potential settlements could dwarf the biggest paid by corporate defendants (and their insurers) in shareholder lawsuits to date -- for example, $3.5 billion to settle claims of fraud at the Cendant Corporation and $568 million to settle claims that executives at Lucent misled investors.
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The potential settlement figure for the Russian case, Schenck admitted, was "most difficult to quantify".
In the filing, Interpublic noted that it had set aside $12 million for the potential settlement with the S.E.C.
But the potential settlement — even it if it is little more than a rebuke — comes at an awkward time for Fannie Mae and Freddie Mac.
[C5.] Loss Widens at Interpublic Group Interpublic Group of Companies reported a wider third-quarter loss, the biggest for any quarter in two years, on higher layoff costs, a quicker revamping, write-offs for troubled units and the potential settlement of litigation.
Shop stewards voted "overwhelmingly" to reject the potential settlement in a meeting today and they will recommend that 2,000 drivers turn down the peace document in a consultative ballot.
The potential settlement, which would be the largest to date of a lawsuit against Lehman's top officials, would not affect the status of any outstanding government investigations of the company and its management.
It is unclear whether Ms. Masters would be included in the potential settlement, but people close to her said that the regulator was unlikely to file a separate action against her.
S&P said that the potential settlement with the US had forced it to consider a potential downgrade to BNP's A plus rating and place the bank on "credit watch negative", until the outcome of the discussions with the US authorities is known.
In messages he has posted there since the potential settlement was announced on 18 May he has also hinted strongly several times that he will resign if junior doctors reject the compromise in their ballot on it, which starts on 17 June and closes on 1 July, with the result by 6 July.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com