Tag Archives | Legg Mason

Legg Mason to pay $34m to Settle Libya Bribery Case

US-based investment management firm Legg Mason is to pay more than $34 million to the Securities and Exchange Commission (SEC) to settle an investigation into the role one of its former subsidiaries played in bribing officials in Libya. Bankers for the firm paid $26.5 million in bribes between 2004 and 2010 so that Libya would […]

Legg Mason sets aside $67m to Settle Libya Probe

By John Lee. US-based investment management firm Legg Mason has set aside $67 million as part of an expected resolution of an investigation into its money-management activities for Libya's Gaddafi regime. In an official filing on Wednesday, the company said: "We expect that we will shortly complete negotiations with both the U.S. Department of Justice […]