Law & Regulation

The EuroZone Profiteers: A CorpWatch Report. Profile of Eurohypo/Commerzbank which was given a €18 billion bailout in March 2012. Three months later it began winding down Eurohypo by selling off assets. Read More

JP Morgan, the Wall Street bank, is negotiating to escape criminal prosecution for its role in the sub-prime mortgage crisis in return for paying the U.S. government roughly $3 billion, plus $6 billion to investors, and another $4 billion to compensate home owners. Read More

U.S. Investigations Services (USIS), the company that signed off on a background check into Aaron Alexis, the military contractor who shot 12 people dead on a U.S. Navy base in Washington DC last week, has a record of rushing investigations, according to a number of former employees. Read More

JP Morgan, the Wall Street investment bank, has been fined $920 million for violating trading laws that were discovered after trader Bruno Iksil (nicknamed the "London Whale") lost billions in bets last May. It was also fined over $80 million for credit card scams in an unrelated incident. Read More

Halliburton has admitted that it destroyed evidence after the April 2010 Deepwater Horizon catastrophe in the Gulf of Mexico. The company has agreed to pay a $200,000 fine, make a donation of $55 million to the National Fish and Wildlife Foundation and accept three years of probation. Read More

JP Morgan Chase is expected to announce over $600 million in penalties and repayments for allegedly cheating customers in energy markets in California and Michigan. This just after Barclays bank paid out $470 million for manipulating electricity rates. Now Goldman Sachs is under scrutiny for possibly manipulating aluminum prices. Read More

Cargill, the world's largest food company, has been secretly amassing land from small farmers in eastern Colombia, despite a law prohibiting the practice. When the two countries signed a free trade agreement last year, Cargill emerged as the owner of 52,574 hectares where it grows corn and soybeans. Read More

Executives at one of Ireland's biggest banks laughed and joked about how they were going to fool the Central Bank into bailing them out, according to a tape recording obtained by the Irish Independent. The failure of Anglo Irish Bank is eventually expected to cost the taxpayer €30 billion. Read More

Ranbaxy, a subsidiary of Japanese pharmaceutical company Daiichi Sankyo, has paid a $500 million fine and pled guilty to selling adulterated drugs manufactured in India. The settlement comes 16 months after the company signed an agreement with U.S. authorities to change its ways. Read More

Record fines adding up to $36 billion have been paid out in the last 12 years by multinational corporations to the U.S. government to settle charges of corruption and fraud. But are they getting away with a slap on the wrist to avoid prosecution for major crimes? Read More