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U.K.’s High Court Grants Injunction in BAE Case
Posted By Hsiang-Ching Tseng On March 3, 2010 @ 3:37 pm In News | Comments Disabled
The United Kingdom’s High Court granted an injunction to stop the Serious Fraud Office’s settlement with BAE Systems, BBC News reported  Tuesday.
Two British activist groups, The Corner House and Campaign Against Arms Trade, asked for the injunction last month so they could apply for a judicial review of the settlement, arguing that there should be a more thorough investigation of the corruption case.
Under the settlement announced  Feb. 5, BAE agreed to pay fines of £30 million in the U.K.
The injunction is in force until March 20, when the High Court is slated to decide whether to grant the two activist groups the permission to review the settlement, according to the BBC.
The company also reached an agreement with the U.S. Department of Justice to pay a $400 million fine. In a hearing Monday , BAE admitted to defrauding the U.S. government and impeding its lawful functions. That gave the judicial stamp of approval to the settlement.
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