Alcoa offering Alba at least $45M to settle suit

Published July 10, 2012 8:07pm ET



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

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

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