Heinrich von Pierer, the former longtime chief executive of German technology giant Siemens AG (SI), has been ordered to pay a fine for negligence in his duty of supervision, in addition to an out-of-court settlement with the company, a spokeswoman for the public prosecutor's office told Dow Jones Newswires Wednesday.

She declined to comment on the amount of the fine, but in the case of negligence, von Pierer could face a fine of up to EUR500,000. She noted that von Pierer's settlement with Siemens was a positive factor.

Von Pierer's lawyers said he won't appeal the fine. Regardless of the legal and actual points of view, von Pierer wants to bring an end to the dispute, his lawyers said.

Von Pierer last year reached a settlement with Siemens to pay EUR5 million in damages tied to a far-reaching bribery scandal at the German industrial conglomerate.

-By Matthias Karpstein, Dow Jones Newswires; +49 69 29725 500; matthias.karpstein@dowjones.com
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