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ANTITRUST Samsung to pay $300M in chip price-fixing case San Francisco (AP)-Samsung, the giant computer memory chip maker, has pleaded guilty to a charge that it conspired with other companies to fix the price of chips used in personal computers and other electronic devices, boosting the cost to consumers. A federal judge accepted the guilty plea and ordered Samsung Electronics Co. Ltd. and its U.S. subsidiary, Samsung Semiconductor Inc., to pay $300 million, plus interest, in installments over the next five years. It was the culmination of a three-year investigation into price fluctuations in the dynamic random access memory market from April 1999 to June 2002. Prosecutors said that Seoul, South Korea-based Samsung engaged in price fixing through e-mails, telephone calls and personal meetings. MEDICAL MALPRACTICE Parents of disabled boy win Tort Claims Act suit Hialeah, Fla. (AP)-A federal judge has awarded $60.9 million to a couple whose son suffered severe brain damage when he was born in a Jacksonville Navy hospital two years ago. The award for Raiza Bravo and Oscar Rodriguez was under the Federal Tort Claims Act, which allows private citizens to sue the federal government for the negligent conduct of its employees. Bravo and Oscar Rodriguez, a Navy serviceman, claimed that doctors waited too long to perform a Caesarean section to deliver their son at the Mayport Naval Station obstetric clinic. Kevin Bravo Rodriguez, now 2, cannot see, speak, swallow or move his arms and legs. Doctor liable after injury during surrogate birth Hartford, Conn. (AP)-A Connecticut state jury has awarded $36.5 million to the family of a 6-year-old boy who is blind, brain damaged and suffering from cerebral palsy since he was injured during his delivery via a surrogate mother at Hartford Hospital. The hospital was found 60% liable; and the attending physician, Dr. Peter J. Doelger, an obstetrician/gynecologist, was 40% liable. Nicholas Cowles uses a wheelchair and cannot hold up his head. The jurors found that Doelger had failed to interpret strips from a monitoring device that indicated the fetus was in distress. The difficult delivery continued for so long that the fetus suffered from a dangerous increase in blood acidity. PREDATORY PRICING De Beers pays $250M to settle overcharging claim London (AP)-De Beers S.A., the world’s largest producer of diamonds, has agreed to pay $250 million to settle four U.S. class actions that accused it of overcharging. The settlement ends 11 years of litigation and “the majority of civil class actions filed against De Beers in the U.S.,” the company said. REGULATORY ACTION Two companies settle SEC, NASD charges Washington (AP)-Two companies that were part of American Express Corp. will pay a total $57.3 million to settle securities regulators’ charges of improperly favoring some shareholders and mutual fund companies in special deals. The settlements with Ameriprise Financial Inc. and its brokerage arm Ameriprise Financial Services Inc. were announced by the Securities and Exchange Commission and the National Association of Securities Dealers. The SEC accused Ameriprise Financial of improperly allowing favored shareholders to engage in market timing of the mutual funds it advised. The SEC also alleged that Ameriprise Financial Services failed to disclose the tens of millions of dollars it received from some mutual fund companies in special revenue-sharing deals starting in 2001. In return for the payments, the SEC said the brokerage firm steered customers to the favored funds. Mutual fund ends probes with $100M payout Albany, N.Y. (AP)-Federated Investors Inc. has agreed to settle a state and federal investigation into improper mutual fund trading and pay $100 million in restitution and penalties, New York Attorney General Eliot Spitzer announced. Pittsburgh-based Federated has agreed to reforms and to pay $35 million in restitution to investors, $45 million in civil penalties, and cut its management fees by $20 million over five years. Spitzer accused Federated of secret market timing with three trading groups, knowing it gave an unfair advantage to the groups over individual investors. In addition, Federated would place orders from a hedge fund after the 4 p.m. close of the markets, when law requires the mutual fund orders to be placed before the closing to receive that day’s price. Hedge fund pays $175M over market timing probe Albany, N.Y. (AP)-The hedge fund Millennium Partners, the firm’s founder, Israel Englander, and two management companies will pay a total of more than $175 million to settle a New York state and federal investigation into market timing schemes. Millennium Partners will pay nearly $121.5 million dollars in what regulators call “ill-gotten revenues.” Israel Englander will pay $30 million in civil penalties and the two management companies will pay more than $26.5 million. SHAREHOLDER SUIT Retail chain pays $1.1B to settle accounting suit Amsterdam, Netherlands (AP)-Royal Ahold N.V., which owns the Stop & Shop and Giant supermarket chains in the United States along with other retail operations worldwide, has agreed to pay $1.1 billion to settle a class action brought by U.S. shareholders after its 2003 accounting scandal, which led to its shares losing two-thirds of their value overnight.

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