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U.S. and Five Gulf States Reach Historic Settlement with BP to Resolve Civil Lawsuit Over Deepwater Horizon Oil Spill

The United States today joins the five Gulf states in announcing a settlement to resolve civil claims against BP arising from the April 20, 2010 Macondo well blowout and the massive oil spill that followed in the Gulf of Mexico. This global settlement resolves the governments’ civil claims under the Clean Water Act and natural […]

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Urging Global Assistance for Syrian refugees, European Union at UN says ‘Everyone Can Offer Help’

With Europe confronting its worst refugee crisis since World War II, the continent’s leaders mounted the podium of the United Nations General Assembly today to call for global action to end the conflict in war-torn Syria and elsewhere that has sent hundreds of thousands of people fleeing to their shores. “The crisis we are talking […]

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After Latest Round of Peace Talks, Colombia on ‘Final Path’ to End 50-year Conflict, President tells UN

30 September 2015 – President Juan Manuel Santos told the United Nations General Assembly today that Colombia’s 50-year conflict is coming to an end, following the latest advances in the three-year peace process between the Government and Revolutionary Armed Forces of Colombia (FARC) rebels. “Colombia is on the path to peace,” President Santos declared, telling […]

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‘When We Stand Together, There Is No Limit To What We Can Achieve,’ Ban tells UN Assembly

Facing a world where inequality is growing, trust is fading, and impatience with leadership can be seen and felt far and wide, Secretary-General Ban Ki-moon set the stage for 70th General Debate of the United Nations General Assembly today with a call to “translate promises on paper to action on the ground” by backing a […]

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Hudson City Savings Bank Gets Settlement to Resolve Allegations of Mortgage Lending Discrimination

The Justice Department and Consumer Financial Protection Bureau (CFPB) filed a consent order today to resolve allegations that Hudson City Savings Bank (Hudson City) engaged in a pattern or practice of “redlining” predominantly Black and Hispanic neighborhoods in its residential mortgage lending practices. “Redlining” is the discriminatory practice by banks or other financial institutions to […]

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Former Peanut Company President Receives Largest Criminal Sentence in Salmonella-Tainted Peanut Product Outbreak

Two former officials of and one broker for the Peanut Corporation of America (PCA) were sentenced to prison today in Albany, Georgia, for their roles in a conspiracy to defraud their customers by shipping salmonella-positive peanut products before the results of microbiological testing were received and falsifying microbiological test results, the Department of Justice announced […]

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Interior, Justice Departments Announce $940 Million Landmark Settlement with Nationwide Class of Tribes and Tribal Entities

The U.S. Department of Justice and the U.S. Department of the Interior (Interior) today announced a $940 million proposed settlement with a nationwide class of Native American Tribes and tribal entities that, if approved by the federal district court, would resolve a 25-year-old legal dispute related to contract support costs for tribal agencies. The proposed […]

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Criminal Charges Against General Motors and Deferred Prosecution Agreement with $900 Million Forfeiture

Attorney General Loretta E. Lynch, Secretary Anthony Foxx of the Department of Transportation, U.S. Attorney Preet Bharara of the Southern District of New York, Administrator Mark R. Rosekind of the National Highway Traffic Safety Administration (NHTSA), Inspector General Calvin L. Scovel III of the U.S. Department of Transportation (DOT-OIG), Special Inspector General Christy Goldsmith Romero […]

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Valiant Bank AG Reaches Resolution under Justice Department’s Swiss Bank Program

The Department of Justice announced today that Valiant Bank AG has reached a resolution under the department’s Swiss Bank Program. “Offshore enforcement remains a top priority of the department, and banks seeking to avoid prosecution pursuant to the terms of the Swiss Bank Program continue to accept responsibility, provide a detailed account of the ways […]

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Quiksilver U.S. Launches Pre-Arranged Chapter 11 Restructuring With Support of 73% of U.S. Secured Noteholders

HUNTINGTON BEACH, Calif.- Sep. 9, 2015- Quiksilver, Inc. (NYSE:ZQK) (the “Company”) today announced that it commenced voluntary proceedings for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for its U.S. subsidiaries. The chapter 11 filing, which is supported by […]

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