By Steve Kardell | Published February 11, 2021 | Posted in Whistleblower Litigation | Tagged Tags: corporate fraud, financial fraud, SEC rules violations |
A new rule interpretation announced by the Securities and Exchange Commission has created concern among whistleblowers, who believe it could weaken incentives for whistleblowers to come forward with information about corporate fraud. The clarification officially went into effect on Monday, December 7. It says any tip from a whistleblower must provide insight “beyond what would Read More
Read MoreBechtel Corp. and a subcontractor, Aecom, paid $58 million to settle claims of billing the Department of Energy for fraudulent labor expenses. The two companies have been working together on the vitrification plant at Hanford in Washington, a $17 billion venture. The lawsuit dates back to 2017, and was filed by several current or former Read More
Read MoreAn ex-attorney for American International Group (AIG) filed a federal lawsuit claiming AIG fired him after he formally complained about fraudulent activity surrounding an effort to create a separate legal services company. Case background That whistleblower is Aaron Katzel, who worked at AIG for a decade and headed the Legal Operations Center (LOC) for the Read More
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