CALIFORNIA | LOCAL
April 3, 2014 |
The U.S. Justice Department on Thursday announced that Anadarko Petroleum Corp. had agreed to pay $5.15 billion to clean up hazardous substances dumped nationwide - including radioactive uranium waste across the Navajo Nation - in the largest settlement ever for environmental contamination. The operations of Kerr-McGee Corp. - which was acquired by Anadarko in 2006 - also left behind radioactive thorium in Chicago and West Chicago, Ill.; creosote waste in the Northeast, the Midwest and the South; and perchlorate waste in Nevada, according to U.S. Deputy Atty.
March 27, 2014 |
SACRAMENTO - Electricity customers in Southern California would receive $1.4 billion in refunds on their bills over the next eight years as part of an agreement between two utilities and ratepayer organizations over the closing of the San Onofre nuclear power plant. The proposed settlement, announced Thursday, still needs approval from the California Public Utilities Commission. Both ratepayer advocates and executives at Southern California Edison Co. and San Diego Gas & Electric Co. said they were satisfied with the deal.
March 26, 2014 |
Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac. The government-sponsored mortgage finance giants had demanded compensation from the Charlotte, N.C., bank for losses on securities backed by faulty loans issued during the housing boom. The bank said the settlement, announced Wednesday, resolves all claims against BofA by the Federal Housing Finance Agency, the agency that regulates Fannie and Freddie.
March 21, 2014 |
A federal judge ratified the landmark deal in the criminal prosecution of Toyota Motor Corp. over safety defects in its vehicles, but not without a tongue-lashing about the "reprehensible picture" of corporate misconduct the automaker displayed. "Corporate fraud can kill," Judge William H. Pauley III said Thursday as Christopher P. Reynolds, the chief legal officer of Toyota Motor North America, stood silently before him in a lower Manhattan courtroom. "I sincerely hope that this is not the end but only a beginning to seek to hold those individuals responsible for making these decisions accountable," Pauley said.
March 21, 2014 |
SACRAMENTO - Ratepayers of Southern California Edison Co. and San Diego Gas & Electric Co. could be in line for a share of more than $1 billion in refunds as part of a possible financial settlement from the closure of the San Onofre nuclear power plant. Both Edison and another party to the negotiations, the Utility Reform Network (TURN), a consumer advocacy group, confirmed that a settlement conference is scheduled Thursday at the San Francisco headquarters of the California Public Utilities Commission.
CALIFORNIA | LOCAL
March 19, 2014 |
The Los Angeles City Council on Wednesday voted unanimously to pay $185,000 to end a lawsuit over a rear-end collision involving a city car driven by Councilman Jose Huizar. On a 14-0 vote, council members signed off on the payout to David Ceja, a former Huntington Park police officer whose vehicle was struck by Huizar's city-owned SUV in 2012. The council approved the agreement without comment. Because the settlement was treated as a consent item, lawmakers did not discuss the case -- either in open session or behind closed doors -- during the meeting.