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• EMPLOYMENT $4M for port officers who told of misconduct LOS ANGELES (AP) � A California state jury awarded $4 million to three Long Beach, Calif., officers who claimed they were labeled as snitches and denied promotions after they reported members of a port security team were hunting lobsters instead of terrorists. The three officers filed a civil lawsuit in July 2006, alleging that they had reported that a group of fellow officers working the night shift used a police boat to dive for lobsters in the Port of Long Beach. After reporting their concerns, the plaintiffs said they had their belongings stolen or vandalized, and were passed over for promotions. • GOVERNMENT Puerto Rico settles false claims probe for $19M SAN JUAN, PUERTO RICO (AP) � Puerto Rico’s government has paid $19 million to settle a U.S. complaint that it made false claims for federal education money, the Justice Department said. The commonwealth’s education department was accused of taking funds from the Migrant Education Program, designed to help children of migrant workers adjust to new surroundings, even though no students in Puerto Rico met the criteria. Under the settlement, the government returned $13 million and paid a $6 million fine. • INTERNATIONAL TORTS Pump maker fined for oil-for-food kickbacks WASHINGTON (AP) � Flowserve Corp., a maker of pumps and valves for the energy sector, has agreed to pay more than $10.5 million in penalties for making illegal kickbacks through the United Nations’ oil-for-food program, the Justice Department has said. Flowserve will pay $4 million as part of an agreement with the Justice Department and $6.5 million under a separate settlement with the U.S. Securities and Exchange Commission. Between July 2002 and February 2003, Flowserve employees paid more than $600,000 and offered to pay an additional $174,000 in kickbacks to the Iraqi government by inflating the price of contracts before submitting them to the U.N. for approval. • PERSONAL INJURY New York pays $6.5M to ferry crash victim NEW YORK (AP) � New York City will pay $6.5 million to a man who lost a leg in a 2003 ferry crash. Shriram “Sam” Agni, 61, and the city reached the settlement more than four years after his right leg was crushed when the Andrew J. Barbieri ferry between Manhattan and Staten Island, N.Y., slammed into a concrete pier, killing 11 people and leaving dozens of passengers maimed and injured. The city has settled all but 63 of 186 personal injury claims for a total of more than $34 million. Agni, a Staten Island resident, had been commuting home from work on Oct. 15, 2003, when the ferry crashed. • PRICE-FIXING Drug maker told to pay $215M for overcharging MONTGOMERY, ALA. (AP) � An Alabama state jury has awarded Alabama $215 million in its Medicaid drug price fraud suit against drug maker AstraZeneca Pharmaceuticals L.P. The jury said the subsidiary of Britain’s AstraZeneca PLC must pay $40 million in compensatory damages and $175 million in punitive damages. Alabama claimed the company forced the state’s Medicaid system pay too much for drugs prescribed to its patients by inflating prices. AstraZeneca is one of more than 70 drug makers Alabama sued in 2005 over drug prices for Medicaid recipients. Drugs manufactured by AstraZeneca include Nexium, which is used to treat heartburn and acid reflux, and Crestor, which is prescribed to lower cholesterol. • PRODUCTS LIABILITY $134M judgment against Wyeth reduced to $58M RENO, NEV. (AP)A Nevada state judge has reduced a jury award to three Nevada women who claimed a drug made by Wyeth caused their breast cancer from $134 million to $58 million. The cases involve the drugs Premarin, an estrogen replacement, and Prempro, a combination of estrogen and progestin. The drugs are prescribed to women to ease menopause symptoms. The judge said the jury’s judgment of $35 million in compensatory and $99 million in punitive damages was “the result of passion and prejudice.” He reduced compensatories to $23 million and puntives to $35 million. • REGULATORY ACTION Brokerage house settles market-timing probe WASHINGTON (AP) � The Financial Industry Regulatory Authority has fined Oppenheimer & Co. $250,000 for oversight failures in connection to improper market timing of mutual-fund shares. Oppenheimer, an investment manager, will also have to pay $4.25 million in restitution to more than 60 mutual-fund companies. Oppenheimer failed to maintain proper oversight and controls that ultimately led to long-term fund investors being charged higher costs than necessary.

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