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FBN’s Diane Macedo with news that Raj Rajaratnam has agreed to pay $1.5 million in his civil suit filed by the SEC.
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To Diane who has those business stories we do that one and more when it's -- -- that's right -- so as I was saying hedge fund manager Raj Rajaratnam has agreed to pay back about one and a half million dollars.
It -- civil lawsuit filed by the Securities and Exchange Commission.
According to a court filing the payment represents the profits he unlawfully obtained.
And comes in addition to the nearly 64 million dollars is already paid in criminal penalties.
Under the agreement rajaratnam also -- is right to appeal the judgment the founder of Italian group is currently serving an eleven year prison term.
After being convicted of securities fraud and conspiracy in May of last year a judge had also ordered him to pay.
Almost 93 million dollars in a civil case brought by the SEC but rajaratnam is appealing that ruling.
And taking a look at Toyota that company has agreed to pay about one point one billion dollars to settle a class action lawsuit.
Over complaints of unintended acceleration in its cars.
Under the agreement the company would provide payment or safety equipment.
To the owners of as many as sixteen million vehicles.
But wouldn't need to admit guilt one of the plaintiff's attorney says the settlement which still -- -- federal judge's approval would be one of the largest ever in a lawsuit involving the automotive industry.
Toyota has blamed driver error faulty floor mats and sticky accelerator pedals.
For the unintended acceleration.
-- -- -- meanwhile plans to invest more than 773.
Million dollars -- new equipment and capacity expansions across six manufacturing facilities in southeast Michigan.
The auto maker says the plan is part of its commitment to invest six point two billion dollars in US plants by 2015.
The Michigan investments should allow the company it's not only retain more than 3200 hourly jobs but create upwards of 2.3 hundred more.
And -- world entertainment has filed for an initial public offering of up to 100 million dollars the move comes three years after the Orlando based theme park.
Was acquired by private equity giant Blackstone Group for two and a half billion dollars from Anheuser-Busch InBev.
C world entertainment says it plans to trade under the ticker symbol SE AS underwriters include Goldman Sachs JPMorgan and -- --
