Skip to main content
Advertising

Originally published Tuesday, February 5, 2013 at 4:55 PM

  • Share:
           
  • Comments (0)
  • Print

Biggest civil settlements for Justice Dept.

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 Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

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

News where, when and how you want it

Email Icon


Advertising