Alcoa offering Alba at least $45M to settle suit

Published July 10, 2012 8:39pm ET



PITTSBURGH (AP) — Alcoa Inc. has offered a Bahrain-controlled company at least $45 million to settle a federal lawsuit that alleges Alcoa-related firms paid millions in bribes that resulted in the other company overpaying for raw materials.

Attorneys for Aluminum Bahrain BSC, also known as Alba, did not immediately return calls and emails for comment Tuesday on the settlement offer disclosed in Alcoa’s latest earnings report on Monday.

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