By Steve Kardell | Published January 30, 2020 | Posted in Foreign Corrupt Practices Act, Whistleblower Litigation | Tagged Tags: $14.5 million, counterparty, swap dealer business conduct standards, whistleblower, whistleblower lawyer |
The U.S. Commodities Futures Trading Commission (CFTC) recently ordered Wells Fargo Bank to pay $14.5 million as a result of multiple violations of swap dealer business conduct standards. According to the CFTC, Wells Fargo “failed to deal with a counterparty in a fair and balanced manner based on principles of fair dealing and good faith,” Read More
Read MoreMassachusetts General Hospital recently agreed to settle a wrongful termination suit filed by a former orthopedic surgeon for $13 million. According to reports from the Boston Globe and statements from the surgeon’s legal team, settlement terms also included Dr. Dennis Burke getting his job back, and the hospital creating a brand new safety initiative named Read More
Read MoreA federal court recently denied a motion by Pratt & Whitney to dismiss a whistleblower claim against the aerospace company. In the lawsuit, the whistleblower alleges the company regularly falsified inspection reports and sold billions of dollars’ worth of potentially defective jet engines to the U.S. military from 2012 to 2015. Pratt & Whitney has Read More
Read MoreThe #MeToo movement shined a much-needed light on issues involving sexual harassment and assault in the workplace. In this time of greater sensitivity to these issues, it is important that companies have protocols in place to conduct proper investigations when these issues arise in the workplace. Here are a few tips to help your company Read More
Read MoreA jury in Colorado recently awarded a former engineer at Raytheon $43,000 in back pay plus $1 million in damages in a Defense Contractor Whistleblower Protection Act (DCWPA) case. The whistleblower, Bruce Casias, worked as a lead test engineer for Raytheon on the company’s contract with the United States Air Force. Raytheon was developing a Read More
Read MoreThe U.S. Department of Health and Human Service’s (HHS) Office for Civil Rights recently accused the University of Vermont Medical Center of violating federal law by forcing a nurse to participate in an elective abortion. According to office director Roger Severino, UVMC scheduled the nurse to be a part of the procedure despite having previously Read More
Read MoreA trio of former executives of Outcome Health were charged by the Securities and Exchange Commission (SEC) of engaging in a fraudulent scheme to raise about $500 million for the company from investors. Charged were CEO Rishi Shah, CFO Brad Purdy and President Shradha Agarwal. Outcome had already agreed to a $70 million settlement with Read More
Read MoreThe United States Commodity Futures Trading Commission (CFTC) recently released its Division of Enforcement’s annual report for fiscal year 2019. This, the second annual report, overviews the prosecution efforts the division took throughout the last year to combat commodities fraud, manipulative behavior and misappropriation of confidential information. Some of the highlights of the report include Read More
Read MoreMallinckrodt, a pharmaceutical company, recently agreed to pay more than $15 million to resolve a lawsuit alleging Questcor Pharmaceuticals, Inc. (its former name) paid illegal kickbacks to doctors in the forms of entertainment and dinners to encourage them to prescribe the company’s H.P. Acthar Gel. The alleged wrongdoing occurred between 2009 through 2013. The lawsuit Read More
Read MoreA False Claims Act case alleging PharMerica Corp. defrauded Medicare and Medaid by billing for prescriptions that had illegally altered dosages will continue, thanks to a recent ruling by a federal judge in Pennsylvania. Judge Cynthia M. Rufe denied the firm’s attempt to dismiss the allegations that it submitted false claims for federal reimbursements for Read More
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