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View Full Version : Satyam to pay USD 125 million to settle US fraud litigation - The Hindu



FraudNews
02-17-2011, 07:31 AM
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The Hindu (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFLdRqyDCZ3yvBTzIH_CRyi-XVYyQ&url=http://www.thehindu.com/business/article1464576.ece)
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Satyam to pay USD 125 million to settle US fraud litigation (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFLdRqyDCZ3yvBTzIH_CRyi-XVYyQ&url=http://www.thehindu.com/business/article1464576.ece)
The Hindu
Furthermore, the company will also pay the lead plaintiffs 25 per cent of any net recovery that it may obtain in future from PricewaterhouseCoopers—related entities that helped Satyam Computer founder Ramalinga Raju perpetrate the fraud. ...
Satyam to pay $125 million, settle US suit over fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGnh9GpeJV4faGuXaaG3ttAQF8HVw&url=http://economictimes.indiatimes.com/tech/ites/satyam-to-pay-125-million-settle-us-suit-over-fraud/articleshow/7512982.cms)Economic Times
Mahindra Satyam moves higher after settling US suit over fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGsTCcQjLXWwa_u3nLLgIWkCAr8Rg&url=http://www.indiainfoline.com/Markets/News/Mahindra-Satyam-moves-higher-after-settling-US-suit-over-fraud/3565396758)India Infoline.com
Satyam to pay $125 mln, settle US suit over fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEI_iA5Cmvr2-O-5aueKSU83pQHFQ&url=http://in.reuters.com/article/2011/02/17/idINIndia-54951720110217)Reuters India
Moneycontrol.com (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH8Pck9C7lv_RHAp_QWOI4Lm-lTDA&url=http://www.moneycontrol.com/news/business/satyam-to-pay-usd-125-mn-settle-us-suit-over-fraud_524035.html) -Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH8S24_uGX4HP6INYIugXyx0Txvww&url=http://www.bloomberg.com/news/2011-02-17/satyam-computer-services-pays-125-million-to-settle-shareholder-lawsuit.html) -NDTV.com (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEwOaFfiC1lNScHj5GgkDMqviYbeA&url=http://profit.ndtv.com/news/show/mahindra-satyam-to-pay-125-mn-to-settle-us-suit-141309)
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