Biggest civil settlements for Justice Dept.February 5, 2013 @ 4:54 pm
(AP) - The Justice Department has filed civil charges against Standard & Poor's, accusing the rating agency of refusing to warn investors that the housing market was collapsing in 2006 because it would be bad for business.
The department is seeking $5 billion in penalties from S&P. If Justice ultimately got that amount in a trial or a settlement, it would be larger than the amounts paid by companies in any of the department's previous civil settlements.
The Justice Department's 10 biggest civil settlements:
1. GlaxoSmithKline - $3 billion - July 2012
2. Pfizer Inc. - $2.3 billion - September 2009
3. Columbia/HCA I and II - $1.7 billion - December 2000 and June 2003
4. Abbott Laboratories - $1.5 billion - May 2012
5. Eli Lilly and Co. - $1.4 billion - January 2009
6. Merck Sharp & Dohme - $950 million - November 2011
7. Tenet Healthcare Corp. - $923 million - June 2006
8. TAP Pharmaceuticals - $875 million - October 2001
9. GlaxoSmithKline - $750 million - October 2010
10. Serono SA - $704 million - October 2005
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
This Is Reality
For Seattle's Jason and Molly Mesnick, life is a far cry from the glamour of the "The Bachelor"
Taxi drivers are upset about unlicensed ride-sharing companies in Seattle like Lyft
DNA on Gatorade bottles helps bust Washington's biggest copper theft ever
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.