(Bloomberg) Legg Mason Inc. has set aside $67 million as part of an expected resolution of a Foreign Corrupt Practices Act investigation into activities of a hedge fund unit that managed money for the Libyan government of Moammar Al Qaddafi. Negotiations to close investigations of Legg Mason’s Permal Group are expected to be completed “shortly,” the Baltimore-based asset management firm said in a filing on Wednesday.
Legg Mason Sets Aside $67 Million to Settle U.S. Libya Probe
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