By Steve Kardell | Published October 29, 2020 | Posted in Fraud | Tagged Tags: defrauded investors, financial fraud, Securities and Exchange Commission, Veriet |
The United States Securities and Exchange Commission (SEC) recently charged Vereit, Inc. (previously known as American Realty Capital Properties, Inc.) with intentionally overstating important performance metrics, a form of fraud. As a result, Vereit agreed to settle the charges by paying an $8 million penalty, which will be shared among defrauded investors. Case background According Read More
Read MoreAs of July 1, the United States Department of Labor is no longer automatically seeking double damages in settlements with employers believed to have violated the Fair Labor Standards Act (FLSA). There were shifts in FLSA settlement standards this year in response to the spread of the COVID-19 pandemic. An executive order from President Trump Read More
Read MoreIn an interview on Law.com, Whistleblower As a result of being on the other side of many disputes with Littler, I was aware of their multi-functional knowledge base, for both client counseling and litigation. Covid-19 has obviously upended all facets of employment law. I sat down with Harry Jones, a Littler partner who is helping Read More
Read MoreThe United States Securities and Exchange Commission announced an award of $125,000 in June to a whistleblower who went through the SEC’s whistleblower program to report wrongdoing. According to SEC representatives, the whistleblower’s information and assistance helped the SEC and another agency it was working with on the case bring a successful enforcement action against Read More
Read MoreA whistleblower who works for the Transportation Security Administration (TSA) alleged the TSA failed to implement appropriate early safety measures during the COVID-19 pandemic, despite repeated pleas from employees. As a result, it played a role in worsening the pandemic’s outbreak in the United States. The Office of Special Counsel has now requested the Department Read More
Read MoreAn official from the United States Department of Education filed a whistleblower complaint earlier this year, stating the Trump Administration and the department under Secretary Betsy DeVos purposefully made it more difficult for people with student loans to apply for federal loan forgiveness. The Borrower Defense to Repayment program was initially implemented by the Obama Read More
Read MoreJosh Valdez, a former executive for a subsidiary of Aveta Inc., sued the company, claiming it had spent years engaged in a scheme to defraud Medicare of hundreds of millions of dollars. The lawsuit was originally filed in April 2011, but was under court seal until early 2014 and went through an extensive court process Read More
Read MoreA former employee of Schlumberger, one of the largest names in oil field services, filed a $100 million lawsuit against the company alleging sexual harassment. According to Sara Saidman, the plaintiff, a male coworker told others at the company that they should break into her bedroom to sexually assault her, and that they should ignore Read More
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