November 23, 2010
Whistleblower program produces record recoveries in health care fraud
The Department of Justice has recovered a record $2.5 billion dollars this year in health fraud, largely resulting from the whistleblower program, which incentivizes employees with inside information on...
Posted In Whistleblower Law Insights
November 22, 2010
Federal investigation confirms what already is clear: Markets aren’t transparent
A Wall Street Journal story about a major federal investigation into inside trading provides additional confirmation of what we have seen based on evidence provided by Wall Street insiders whom we represent...
Whistleblower Program – Letter to the Editor
The National Law Journal published a letter to the editor from Phillips & Cohen partners Erika A. Kelton written in response to a column by a defense attorney who criticized the SEC whistleblower...
Posted In Phillips & Cohen In The Media
November 17, 2010
The SEC and CFTC to vastly expand whistleblower program
The Securities and Exchange Commission and the Commodity Futures Trading Commission are working to administer a new whistleblower rule that could provide lottery-sized payouts to informants that provide...
British traders and investment bankers to have cell phones recorded
Effective next November, investment bankers and traders in Britain will have their cell phone conversations recorded by their employers, in a move by the Financial Services Authority to prevent and prosecute...
November 10, 2010
Goldman managing director fired for internal violations
If all companies took such decisive action as Goldman Sachs did when it fired a top official for violating internal policies and procedures, they would have less to fear from whistleblowers. The Financial...
Posted In Whistleblower Law Insights
November 09, 2010
SEC fund for whistleblowers totals over $450 million
The Securities and Exchange Commission has established a fund of over $450 million to pay whistleblowers whose information leads to the successful penalization or conviction of companies or individuals...
Freight forwarding and oil service companies settle FCPA allegations for $236 million
Five oil and gas service companies and subsidiaries and a global freight forwarding company have agreed to settlement penalties totaling $236 million. These payments will resolve alleged violations of...
Posted In Whistleblower Law Insights
November 08, 2010
International Traffic in Arms Regulation whistleblower suit settles
The first False Claims Act suit alleging violations of the International Traffic in Arms Regulation (ITAR) has settled for $1 million. The FCA whistleblower suit alleged that Rocky Mountain Instrument...
Posted In Whistleblower Law Insights
November 06, 2010
Record recovery in Iraq/Afghanistan reconstruction fraud
Louis Berger Group Inc., a New Jersey engineering consulting firm, will pay $69.3 million to resolve criminal and civil probes related to overbilling for reconstruction contracts in Iraq and Afghanistan...
Posted In Whistleblower Law Insights