Financial Times FT.com

PartyGaming in landmark legal settlement

By Roger Blitz in London

Published: April 7 2009 08:37 | Last updated: April 16 2009 14:43

This story is subject to clarification.

PartyGaming, the online gambling company that became a sought-after stock on the FTSE 100 index in the UK, on Tuesday admitted to bank fraud and contravening other US laws as it paid a forfeiture of $105m (€79m) in order to escape prosecution by US authorities.

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