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ANTITRUST Chemicals maker settles price-fixing suit for $10M NEW YORK (AP) � Specialty chemicals maker Cabot Corp. has agreed to settle the federal class actions pending against it that alleged it and other carbon black manufacturers violated antitrust laws in setting prices for carbon black sold in the United States. In a filing with the U.S. Securities and Exchange Commission, Cabot said its share of the settlement cost is $10 million. Boston-based Cabot said it will continue to defend the remaining antitrust lawsuits pending against it. There are suits pending in several state courts brought by purported classes of purchasers of carbon black, and a single federal case brought by a party that did not join the federal class action. States settle suit with birth control maker MONTPELIER, VT. (AP) � Thirty-four states and the District of Columbia are sharing a $5.5 million dollar settlement with the makers of the popular birth control pill Ovcon. The states charged Warner Chilcott Ltd. and Barr Pharmaceuticals Inc. with keeping generic versions of Ovcon from reaching the marketplace. In a suit filed two years ago in Washington, the states argued Warner Chilcott paid Barr $20 million dollars to keep Barr from marketing a generic version of Ovcon. CLASS ACTION Investor group settles merger suit for $1.5B NEW YORK � The Louisiana Municipal Police Employees’ Retirement System (LAMPERS) has announced that it settled litigation challenging alleged breaches of fiduciary duty by the Chicago Board of Trade Holding Inc. (CBOT) board of directors, purportedly aided and abetted by Chicago Mercantile Exchange Holdings Inc. The settlement has given shareholders nearly $1.5 billion in added value, including the $1 billion increase to CBOT’s merger with Chicago Mercantile Exchange announced in May and an additional $475 million for CBOT investors, according to a statement issued by Bernstein Litowitz Berger & Grossmann of New York and Grant & Eisenhofer of Wilmington, Del., which served as plaintiffs’ co-lead counsel. LAMPERS sued the CBOT board in March, alleging that it failed to maximize shareholder value in its merger with CME and to give adequate consideration to a competing bid by Intercontinental Exchange Inc. � ALM CONSUMER PROTECTION Utility resolve code of conduct probe for $2M PINEVILLE, LA. (AP) � Cleco Corp. has agreed to pay a $2 million enalty levied by the Federal Energy Regulatory Commission to resolve an investigation of whether the utility violated its code of conduct and a 2003 settlement agreement. FERC stated that the investigation found that customers did not pay extra for the alleged violations, which occurred between 2003 and the winter of 2005. The allegations surfaced after the utility misinterpreted provisions in the 2003 agreement, which were unclear. FERC said that following a “self-report by Cleco,” government investigators found the utility shared six employees in regulated and non-regulated businesses from mid-2003 until the winter of 2005. PERSONAL INJURY Hurt bus passenger gets for $13.8M for MTA crash LOS ANGELES (AP) Jurors have said the Los Angeles County Metropolitan Transportation Authority should pay $13.8 million dollars to a bus passenger who was partially paralyzed in a crash with a parked big-rig. All six passengers on the bus were injured, but Garcia was the most seriously hurt, with permanent brain damage and paralysis on his left side. REGULATORY ACTION Utility pays $60.7M over Clean Air Act breaches LAS VEGAS (AP) � Southern Nevada’s main electric utility will pay $60.7 million to upgrade another Las Vegas-area power plant and settle a federal Clean Air Act complaint. The settlement agreement, which was announced by Nevada Power Co., the Environmental Protection Agency and the U.S. Department of Justice, is the first with an electric utility over alleged violations of New Source Review provisions of the Clean Air Act at a gas-fired power plant. Nevada Power has agreed to pay a $300,000 fine and install about $60 million worth of pollution controls by next year at the gas-fired Clark Generating Station near Henderson, about 10 miles southeast of the Las Vegas Strip. The upgrades are expected to cut emissions of nitrogen oxide air pollutants by about 86%, or some 2,300 tons a year, the EPA said. SEX DISCRIMINATION L.A. to pay fire captain over retaliation claim LOS ANGELES (AP) � A California state jury has recommended that the city pay $3.7 million to a Fire Department captain who claims he was retaliated against for refusing to give preferential treatment to a female recruit. Captain Frank Lima’s lawsuit stemmed from a 2004 incident in which he supervised training for a female firefighter as she reportedly failed to perform a training exercise. The firefighter said she was injured and that Lima had humiliated her. He said he was told to treat women differently because it’s hard to recruit and retain female firefighters.

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