By Steve Kardell | Published September 19, 2016 | Posted in Whistleblower Litigation | Tagged Tags: False Claims Act | Comments Off on 3 Major Retailers Won’t Face False Claims Act Suit
3 Major Retailers Won’t Face False Claims Act Suit
Three of the world’s largest retailers have avoided a potential False Claim Act lawsuit, after claims surfaced that Wal-Mart Stores Inc., Kmart Corp. and Rite Aid Corp. had charged the federal Medicare and Medicaid programs for expired or almost-expired prescription medications. U.S. District Court for Massachusetts Judge Patti Saris dismissed nearly all of the qui Read More
Read MoreIs the SEC Relying Less on Businesses’ Self-Policing?
A notable increase in the number of whistleblower awards the U.S. Securities and Exchange Commission (SEC) has given out this year has led many legal analysts to conclude that the agency is no longer leaning on companies to self-report potential wrongdoing. In June alone, the agency granted more than $17 million to a single whistleblower, Read More
Read MoreWhat Affect Does the Yates Memo Have on Internal 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 MoreMedical Device Maker Agrees to $8 Million Settlement in FCA Violation Case
Cardiovascular 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 MoreTemporary Injunction Issued on Department of Labor ‘Persuader Rule’
A 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 MoreMerrill Lynch to Pay Large Fine, Admit to SEC Rules Violations
In 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 MoreTips to Ensure SEC Compliance for Private Fund Advisers
When 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 Offers Input on Ailes Case to Wall Street Journal
Attorney 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 MoreWhistleblowers Receive Record Awards This Year
The 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 MoreWhistleblower Controversy Hits San Francisco State University
San 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
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