Alcoa Reaches $85 Million Cash Deal to Ditch RICO Suit

, The Litigation Daily


Akin Gump Strauss Hauer & Feld helped to trigger a worldwide criminal probe back in 2008 when it accused the world's leading producer of raw aluminum materials, Pittsburgh-based Alcoa Inc., of racketeering and fraud. On Tuesday, the firm beat prosecutors to the punch yet again, wresting a long-awaited settlement from Alcoa on behalf of client Aluminium Bahrain BSC.

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