Firm Settles With Justice Department In Libyan Bribery Probe

BALTIMORE (AP) — A Baltimore-based money management firm has settled a U.S. Department of Justice probe of an affiliate that managed investments for the Libyan government when Moammar Gadhafi led the country.
The Justice Department said Monday in a statement that Legg Mason Inc. agreed to pay $64.2 million.
In a letter Monday to shareholders, Legg said it also expects to resolve a related U.S. Securities and Exchange Commission case shortly. The company said when the amount in that case is