Reuters: DOJ collects $24.7 billion in settlements in 2014
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Justice Department Collects More Than $24 Billion in Civil and Criminal Cases in Fiscal Year 2014. The more than $24 billion in collections in FY 2014 represents nearly eight and a half times the appropriated $2.91 billion budget for the 94 U.S. Attorneys’ offices and the main litigating divisions of the Justice Department combined in that same period.
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NEW YORK (Reuters. had agreed to the settlement, with the Bank of New York Mellon Corp (BK.N) serving as trustee. AIG claimed the settlement undervalued its claims, and had been appealing January’s.
The oil giant had appealed the settlement, claiming that it let businesses collect. Reuters 43: The number in billions that BP has set aside to resolve claims related to the spill. BP already.
Even if the large national collections are set aside, Walsh’s other recovery efforts netted about $40 million, or more than twice his office’s annual budget.
U.S. Justice Dept Collects Record $24 Billion In Penalties In Fiscal 2014. Collections from civil and criminal actions, including money collected on behalf of other agencies, was $8 billion in 2013, and $13 billion in 2012. Collections in 2014 were boosted by multi-billion dollar payouts from JPMorgan Chase & Co and Citigroup Inc to resolve claims.
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DOJ Collects Nearly $25B in 2014 By Brittany Sims on Fri, 11/21/2014 – 5:49pm The Justice Department says it collected $24.7 billion in settlements and penalties in the fiscal year that ended Sept. 30, WRCB reports from the Associated Press.
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