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Litigation

Feb. 18, 2005

'Reasonable' Settlement

LOS ANGELES - French defendants in the Credit Lyonnais scandal claimed victory late Wednesday after a federal judge approved a settlement that would require the French government to cough up $525 million to its longtime nemesis, Insurance Commissioner John Garamendi.

LOS ANGELES - French defendants in the Credit Lyonnais scandal claimed victory late Wednesday after a federal judge approved a settlement that would require the French government to cough up $525 million to its longtime nemesis, Insurance Commissioner John Garamendi.
        Garamendi wanted billions from bank Credit Lyonnais and its alleged co-conspirators, claiming in that the defendants took secret and illegal control of the Execu...

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