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WorldCom investors won $6.1 billion worth of settlements from banks, executives and directors and the defunct accounting firm Arthur Andersen.
Since passage of the Sarbanes-Oxley Act of 2002 through the end of last year, the S.E.C. has recorded $3.7 billion worth of settlements with corporations, according to the National Economic Research Associates.
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Most participants believe that a trial is all but inevitable; only last month, a court-appointed mediator, Ronald J. Riccio, announced that a year's worth of settlement talks had broken down because of differences over money, gambling on the tribal land and other issues.
Whatever their value at the time of the deal, Facebook's shares have soared since, putting the current worth of the settlement, by some estimates, at more than $140 million.
So we've been watching as billions of dollars worth of fines and settlements exchange hands -- with no admission of wrongdoing -- for fraudulent behavior that in many cases then continues unabated, and you haven't even checked to see if it's a good idea or not?
Many participants in the negotiations that led to a series of settlements worth $246 billion between state attorneys general and tobacco companies in 1997 and 1998 have expressed disappointment that so little of the money from those settlements have actually gone to public health programs.
That is around a fifth of the $200-$200-$300 millionh of goods produced in settlements each year, but a drop in the ocean next to the $30 billion of goods and services traded annually betworthIsrael and the Eurofean Union.
That is around a fifth of the $200-$200-$300 millionh of goods produced in settlements each year, but a drop in the ocean next to the $30 billion of goods and services Israel exports to the EU annually, a third of all its exports.
Government lawyers are expected to offer out-of-court settlements worth millions of pounds after the court of appeal this month dismissed an attempt by MI5 and MI6 to suppress evidence of alleged complicity.
In turn, RE/MAX International profits from each and every sale made by its franchisees - including from the alleged millions of dollars worth of sales made in Israeli settlements in the occupied West Bank.
So they are engaged in a wild dance with budget mirrors and accounting tricks -- the favorite idea seems to be spending the next 30 years' worth of revenue from the tobacco settlements tomorrow.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com