Petrobras Fined $1.8B for Duping U.S. Investors
U.S. authorities say the Brazilian energy giant padded its financial statements to conceal the payment of kickbacks to company executives by contractors.
SeaWorld Fined $4M for Hiding ‘Blackfish Effect’
The company and its ex-CEO James Atchison allegedly misled investors about the documentary's negative impact on its business and reputation.
WeWork Agrees to Scrap Non-Compete Clauses
The agreement settles a New York investigation that found WeWork required even low-level employees to sign employment contracts with non-compete provisions.
RBS to Settle RMBS Claims for Record $4.9B
The Justice Department says the penalty is the largest it has ever imposed for financial crisis-era misconduct at a bank.
Arista Settles Cisco’s Patent Claims for $400M
The settlement also resolves Arista's antitrust claims against Cisco after nearly four years of litigation between the computer networking rivals.
Mizuho Fined Over Handling of Buyback Orders
The SEC says the bank failed to prevent nonpublic information about clients' stock buybacks from being disclosed to other traders and hedge fund clients.
JPMorgan Fined $65M Over ISDAFix Rigging
The CFTC says the bank's traders "openly joked about" their efforts to manipulate the global benchmark for interest rate products.
U.S. Agrees to Lift American Parts Ban on ZTE
The Chinese smartphone maker will pay a $1 billion penalty as part of a deal to end the sanctions that had threatened to cripple its operations.
U.S. Parts Ban Forces Halt to ZTE Operations
The Chinese smartphone maker, which is heavily reliant on Qualcomm processors, is seeking a reversal of the Commerce Department's ban.
Xerox CEO to Step Down in Victory for Icahn
Jeff Jacobson is resigning to settle a legal battle between Xerox and hedge-fund billionaire Carl Icahn over its proposed merger with Fujifilm.
Panasonic Fined $280M Over Airline Scheme
The company's avionics unit allegedly provided a lucrative consulting job to an official of a government airline with which it was doing business.