It is not uncommon for companies to suffer financial losses due to fraudulent or criminal activities. However, in some cases, the funds that have been lost can be recovered through various means.

Here are nine instances of companies that have been reimbursed for funds they had lost.

1. Walmart

In 2018, Walmart was able to recover $282 million that it had lost due to violations of the Foreign Corrupt Practices Act (FCPA).

The company had been accused of paying bribes to government officials in Mexico, India, Brazil, and China in order to obtain permits and licenses.

2. Sony Pictures Entertainment

In 2014, Sony Pictures Entertainment suffered a cyber attack that resulted in the theft of confidential information and the release of unreleased movies online. The company incurred significant expenses in dealing with the aftermath of the attack.

However, in 2018, the company received a settlement of $8 million from its insurance provider for the losses it had incurred.

3. Target

In 2013, Target suffered a massive data breach that resulted in the theft of credit card information of millions of customers. The company incurred significant expenses in compensating the affected customers and improving its security measures.

However, in 2017, the company received a settlement of $18.5 million from its insurance provider for the losses it had incurred.

4. JPMorgan Chase

In 2012, JPMorgan Chase suffered a cyber attack that resulted in the theft of confidential information of millions of customers. The company incurred significant expenses in dealing with the aftermath of the attack.

However, in 2015, the company received a settlement of $150 million from its insurance provider for the losses it had incurred.

5. Biogen

In 2017, Biogen suffered a cyber attack that resulted in the theft of confidential information of employees. The company incurred significant expenses in dealing with the aftermath of the attack.

However, in 2018, the company received a settlement of $1.25 million from its insurance provider for the losses it had incurred.

6. Tesco

In 2014, Tesco suffered a massive accounting scandal that resulted in the overstatement of its profits by £263 million. The company incurred significant expenses in dealing with the aftermath of the scandal.

However, in 2017, the company received a settlement of £129 million from its auditors for the losses it had incurred.

7. Wells Fargo

In 2016, Wells Fargo was accused of opening millions of unauthorized accounts in order to meet its sales targets. The company incurred significant expenses in compensating the affected customers and improving its corporate governance.

However, in 2018, the company received a settlement of $480 million from its insurance provider for the losses it had incurred.

8. Equifax

In 2017, Equifax suffered a massive data breach that resulted in the theft of confidential information of millions of customers. The company incurred significant expenses in compensating the affected customers and improving its security measures.

However, in 2019, the company received a settlement of $1.38 billion from its insurance providers for the losses it had incurred.

9. Nissan

In 2018, Nissan was embroiled in a scandal involving its CEO, Carlos Ghosn, who had been accused of financial misconduct. The company incurred significant expenses in dealing with the aftermath of the scandal.

However, in 2020, the company received a settlement of $35 million from its insurance providers for the losses it had incurred.

Conclusion

These nine instances demonstrate that companies can recover funds that they have lost due to various reasons such as fraud, cyber attacks, and scandals.

It is important for companies to have insurance policies in place that cover such losses and work with legal professionals to ensure that they are able to recover their funds.