Société Générale S.A. agreed to pay penalties in excess of US $1.3 billion to resolve criminal and civil charges brought by the Department of Justice and the Commodity Futures Trading Commission, respectively, that it manipulated and attempted to manipulate the London International Bank Offered Rate for US dollar and Japanese Yen on numerous occasions from 2006 through 2011. The DOJ also alleged that, from 2004 to 2009, SG paid bribes to Libyan government officials for 14 investments by Libyan state institutions. The CFTC additionally claimed that SG manipulated or attempted to manipulate LIBOR for Euros, as well as the Euro Interbank Offered Rate. According to the DOJ and the CFTC, SG engaged in its manipulative conduct to convince the market that it was not exceptionally hurt by a market strain due to the Greek sovereign debt crisis from 2010 to mid-2012, as well as to enhance certain trading positions. The CFTC acknowledged SG’s “significant cooperation” in announcing its settlement. Separately, SG agreed to pay the equivalent of almost US $300 million to the Parquet National Financier – the French financial prosecutor – to settle charges related to its alleged bribing of Libyan officials. The Department of Justice will credit SG for this amount paid to PNF against amounts otherwise owed to the DOJ. In addition, Legg Mason, Inc. agreed with the Department of Justice to pay US $64 million in criminal penalties and disgorgement for allegedly participating in some of the Libyan bribing activities with SG.