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Aluminum manufacturers reach $85 million settlement

Bahrain-owned Alba sued Alcoa over claims Alcoa paid bribes to government officials

The ongoing battle between U.S.-based aluminum maker Alcoa and Bahrain-owned aluminum maker Aluminum Bahrain (Alba) is coming to an end with Alcoa agreeing to pay Alba $85 million.

The case dates back to 2008, when Alba filed suit against Alcoa, claiming Alcoa conspired to overcharge Alba for alumina, a substance used to make aluminum. Alba accused Alcoa of paying millions of dollars in bribes to Bahraini officials in return for inflated contracts, violating the Foreign Corrupt Practices Act. In the suit, Alba sought $1 billion in damages and claimed that Alcoa received $400 million in illegal profits during the scheme.


Cathleen Flahardy

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