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CLASS ACTION Morgan Stanley settles sex bias suit for $46M NEW YORK (AP) � Morgan Stanley said it has settled a gender bias class action that alleged the New York investment bank discriminated against female brokers and trainees in promotion and compensation. The suit was filed in June 2006 by six former Morgan Stanley female brokers. The class includes about 2,700 claimants who worked at the firm’s retail brokerage division between Aug. 5, 2003, and the present. The suit alleged that the company discriminated against women in training and mentoring, account assignments and participation in company-approved “partnership” arrangements with other brokers. Some of the plaintiffs claimed they were discriminated against during a round of layoffs in August 2005. COPYRIGHTS Bertelsmann pays $110M for investment in Napster NEW YORK (AP) � Warner Music Group Corp., parent company of the Bad Boy, Nonesuch and Rhino record labels, said it has reached a $110 million settlement with Bertelsmann A.G. related to copyright infringement claims after the German media conglomerate invested in Napster. Bertelsmann invested in the file-swapping site in 2000. Napster allowed users to browse each other’s MP3 music collections stored on their computers and pluck from them, sharing and swapping for free. FRAUD HealthSouth CEO, SEC reach $81M settlement BIRMINGHAM, ALA. (AP) � Fired HealthSouth Corp. Chief Executive Officer Richard Scrushy has reached an $81 million settlement to end a lawsuit filed by the U.S. Securities and Exchange Commission blaming him for a $2.7 billion accounting fraud at the health care services company. Scrushy agreed to give up $77.5 million the government said he gained from the scheme. He agreed to pay another $3.5 million in civil penalties. Scrushy will get credit for the $71.5 million he has already paid or forfeited in three other cases linked to HealthSouth. That leaves Scrushy owing a balance of $9.5 million. LEGAL MALPRACTICE Judge tells attorney to pay $6.6M for bad lease PHILADELPHIA � A court of common pleas judge has ruled that a lawyer, now with Montgomery, McCracken, Walker & Rhoads, must pay more than $6.6 million in a suit brought against her and her former firm by a corporate real estate client that said her poor drafting of a lease agreement sparked a lawsuit in California that cost $4 million to settle. Following a nonjury trial in Philadelphia, the judge ruled that Karen Senser and Segre & Senser must reimburse Crown Cork & Seal Co. USA Inc. the $4 million it paid to settle the California suit and more than $972,000 in attorney fees and $1.6 million in interest. – ALM MOTOR VEHICLE Jury awards motorcyclist $17.7M for crash with car NORWALK, CALIF. (AP) � A California state jury has ordered a Taiwanese shipping firm to pay $17.7 million to a motorcyclist severely injured when the wife of the company’s U.S. president struck the bike with a company car. Wen-Ting Tai turned a Wan Hai Lines company car into the motorcycle’s path on Oct. 23, 2004, four days after she made at least 16 mistakes and flunked the California driving test. REGULATORY ACTION Oil services firm, SEC settle foreign bribery suit HOUSTON (AP) � Oil services provider Baker Hughes Inc. said it has agreed to pay $44.1 million to settle violations of the Foreign Corrupt Practices Act. Under the terms of settlements with the U.S. Department of Justice and the U.S. Securities and Exchange Commission, a subsidiary of the company pleaded guilty to violations of the act regarding payments made to a commercial agent between 2001 and 2003. The agent was seeking business for the company in Kazakhstan. The company agreed to a consent judgment with the SEC, which charged violations of the anti-bribery provisions of the act related to the Kazakhstan deal. The company also entered into a deferred prosecution agreement with the Department of Justice. WHISTLEBLOWER LAW Education funds misuse disclosure merits award SACRAMENTO, CALIF. (AP) � A California state jury has awarded $7.6 million to a former California Department of Education whistleblower who claimed that he faced retaliation from his bosses after he reported the misuse of millions of dollars in federal money intended for education programs. James Lindberg claimed he was demoted unfairly after bringing evidence to high-ranking department officials that the money handed out between 1995 and 2000 was misused by community-based organizations that ran adult-education English and citizenship classes. Some of the schools were nonexistent.

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