WWII era law applies in Big Dig fraud case

[0:58]..." O'Clock hour the state Attorney General has filed manslaughter charges against the New York company that made the -- he blamed in last summer's deadly Big Dig tunnel collapse. Assistant Attorney General Paul -- says power fasteners of Brewster new York new -- proxies fast set formulation was subject to creep. Those tests. Unequivocally unambiguously revealed that the -- product was unsuitable. Was "...

[2:24]..." close to charges against any of the other companies involved in the Big Dig tunnel construction. Land a job stepping in any industry gets sent. "...

[3:23]..." filed by a federal and state prosecutors for pouring substandard concrete into Big Dig tunnel walls an update on those trapped Utah miners crews hoping to get air and food of the six trapped men have "...

[3:14]..." follows Bechtel and Parsons break off required to enact corporate compliance agreements. Bechtel Parsons break off must conduct an internal investigation report that both the federal and state governments if the investigation reveals. Any material construction defects. They -- 180 days to submit their report for the government. Has mentioned the agreement addresses the conduct of Bechtel Parsons break off in four different areas. First Bechtel Parsons break off as the knowledge serious failures its obligations to manage construction of the I 93 -- renewals. They acknowledge certain affiliates regarding its oversight responsibilities concerning the construction -- the ceiling in the pool area of the I ninety connector tunnel. They also acknowledge failure to adequately fill the construction management. Obligations relating to contract modifications and last week Bechtel Parsons sprinkle -- has acknowledged its failure to meet its oversight obligations. With respect to the delivery can use of non specification concrete. In big big structures including I 93 main line tunnel slurry walls by aggregate industries northeast region think. Massachusetts highway in the citizens of Massachusetts. He trusted Bechtel Parsons break off to act as the eyes and years when the central artery project. They grossly failed to meet your obligation responsibilities for the citizens of Massachusetts in the United States. The investigation one way today's agreement was commenced of the it was a breach the slurry wall. -- in the I 93 mainland tunnel in September of 2004. Our Big -- task force is now judge nine individuals in one company in have recovered in excess of 500 million dollars. They settlement that compliance agreement with Bechtel Parsons pre -- is continuing evidence of our commitment to vigorously investigate. In prosecute those who perpetrated -- fraud. On the taxpayers it's "...

[0:00]..." we are here to announce. An agreement has been reached with between United States. -- of the Massachusetts in the management consultant the central artery tunnel project which obviously is known as the Big -- As well as several of the year big big designers the Big Dig management consultant Bechtel Parsons break off. Bechtel infrastructure cooperation in PB America's team. Is agreed to pay the United States in the commonwealth over 407 million dollars. Resolved criminal in civil liabilities in connection with the collapse of part of the I "...

[0:54]..." thing. A total of over 458 million dollars -- covered by the United States in the commonwealth of Massachusetts. The majority of this money approximately 415 million dollars. Will be held in a special account dedicated to the long term repairs. In maintenance of the Big -- structures for any conditions not caused quite ordinary wear and tear it's important to note that this agreement does not release Bechtel Parsons break off from liability. For any future catastrophic events that occur within the next ten year period nor for any -- covered "...

[6:43]..." here because you never know what's going to happen these days on Wall Street the Dow was down 300 points. At one point today then the blue chips came roaring back. And at the close the Dow added some 299 points the Nasdaq was up 24. And the S&P 500 was up some 28 point. Point so -- Nolte -- Hinsdale associates told us bargain hunters shut the market out of its slump today in did they ever. Business report sedate in 38 past the hour I'm John word doc marketwatch.com and WBZ Newsradio 103 "...

[0:16]..." in Boston I'm Diane Stern here's what we're following topsy turvy on Wall Street. The Dow Jones 299 points at the close as the blue chips why don't wipe out -- 300 point deficit the market "...

[0:46]..." update I'm Charlie cards. -- the smile on their closing bell on Wall Street the Dow after a busy up and down day closed up about 299 points put it another way. From the low point "...