By Steve Kardell | Published September 12, 2016 | Posted in New Legislation | Tagged Tags: corporate investigations |
In September 2015, Deputy Attorney General Sally Yates released a memo that served as a guidance to U.S. Department of Justice attorneys related to the emphasis they should place on individuals’ accountability when it comes to corporate investigations. In the memo, Yates directs U.S. attorneys to place equal or greater focus on the individual as Read More
Read MoreCardiovascular Services Inc., a Minneapolis-based manufacturer of a heart surgery device, will pay $8 million to settle a case in which it was accused of violating False Claim Act regulations. The company was accused of providing kickbacks — in the form of marketing support — to physicians who charged the government for their use of Read More
Read MoreA U.S. District Court judge in the Northern District of Texas has placed a temporary hold on a key Department of Labor rule regarding employers’ ability to influence union matters. In late June, the judge handed down an 86-page order that granted a preliminary injunction against the DOL’s “persuader rule,” which business groups have aggressively Read More
Read MoreIn late June, Merrill Lynch, Pierce, Fenner & Smith Inc. and Merrill Lynch Professional Clearing Corp. agreed to wrongdoing and a fine of $415 million to settle charges involving violations of Consumer Protection and Exchange Act rules. Rule violations at issue At issue in the case was Merrill Lynch’s alleged violation of Exchange Act Rule 15c3-3, Read More
Read MoreWhen the U.S. Securities and Exchange Commission (SEC) issues a guidance impacting long-standing practices for fund advisers, it’s important that these professionals take action quickly to ensure they are in compliance with all relevant federal laws and regulations. This has become an important issue, as the SEC is now giving out record amounts in rewards Read More
Read MoreAttorney Steve Kardell has been was cited in a recent Wall Street Journal article covering the recent issues at Fox News related to the ouster of Chairman and CEO Roger Ailes. The case has dominated national news this summer. Ailes has been accused of sexual harassment by several women who have worked for the news Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) has again ramped up the number of awards it gives out for individuals who blow the whistle on corrupt or illegal practices happening within their businesses, organizations or government agencies. It looks as if 2016 will be a record year for the program, as there have already been Read More
Read MoreSan Francisco State University recently became the subject of a whistleblower claim after it fired an employee who correctly alerted the university to potential illegal activity and the wrongful storage of hazardous materials inside the science building on campus. The report led to $3.6 million worth of closures and fixes in 2014. A local judge Read More
Read MoreAccording to the Occupational Safety and Health Administration (OSHA), CSX Transportation Inc. retaliated against an employee in Selkirk, New York, who reported internal safety concerns to company management. The employee was a union official. He made the report on September 6, 2013, communicating in a letter to a plant superintendent a number of safety hazards Read More
Read MoreOn May 11, President Obama signed the brand-new Defend Trade Secrets Act of 2016 (DTSA). This new legislation establishes a federal trade secrets law and has the added benefit of protecting corporate whistleblowers. With this law, whistleblowers who disclose trade secrets to federal, state or local government officials or to an attorney for the sole Read More
Read More