Expensive divorce cases
If divorces are listed in the top ten, then the most expensive divorces is ranked 8th.
In March 2014, a Swiss court decided that Russian businessman Dmitry Rybolovlev (pictured) would pay his wife Elena $ 4.8 billion to end their marriage. The amount was reduced to $ 604 million last month, but Elena’s lawyer says the court battle will continue.
Alec Wildenstein, a French racehorse owner and antique dealer, had to pay $ 2.5 billion in 1999 to abandon his wife, Jocelyn, a New York social activist.
Rupert Murdoch paid $ 1.7 billion in 2013 to annul his second marriage. He and Anna Murdoch had been married for 32 years, and Robert married Wendy Deng 17 days later. This marriage ended in 2013, but the settlement has remained secret.
7. Anadarko / Kerr McGee $ 5.15 billion
A settlement was reached in November 2014 for Anadarko to pay for the cleaning of several toxic waste sites across the country associated with its subsidiary Kerr McGee. It acquired the company in 2006 for $ 19 billion.
5. Bank of America $ 9.3 billion
Bank of America reached a settlement in March 2014 with two of the federal government’s biggest mortgage backers, Fannie Mae and Freddie Mac, effectively admitting that it had sold questionable mortgage derivatives. The company will face a bigger bill after five months.
4. GB Morgan $ 13 billion
In November 2013, JPMorgan was the first major financial institution to reach a settlement with the government over its role in triggering the 2008 financial sector crisis. The amount included $ 4 billion in consumer relief. CEO Jimmy Dimon pictured above.
3. Bank of America $ 16.6 billion
Bank of America took the biggest hit among its peers in the financial industry, as it approved the aforementioned penalty in August 2014 for creating questionable mortgage-backed securities and marketing them fraudulently to investors.
2. BP $ 18.7 billion
BP will pay $ 18.7 billion to Louisiana and four other states and the federal government to settle civil lawsuits related to the 2010 Deepwater Horizon disaster that killed 11 people and caused the worst oil spill in US history.
1. Tobacco Master Settlement Agreement
The four largest tobacco companies – Philip Morris, R.J. Reynolds, Brown, Williamson, and Lauriard – They reached terms in 1998 with 46 states, five regions, and Washington, D.C. in a sweeping lawsuit.
The companies demanded to pay these plaintiffs $ 10 billion annually for an unspecified future. The original four companies agreed to pay at least $ 206 billion over the first 25 years of the agreement.