December 20, 2010
Three drug companies pay $421 million to settle FCA suits
December has been a significant month in terms of False Claims Act recoveries from pharmaceutical companies. Three drug makers – Abbott Laboratories Inc., Roxane Laboratories Inc. and B. Braun Medical...
Posted In Whistleblower Law Insights
December 17, 2010
Report documents extent of drug companies’ frauds
Does it seem as though every day there’s another report of a drug company paying millions to settle allegations of off-label promotion, poor manufacturing practices or overcharging the government?...
Posted In Whistleblower Law Insights
December 16, 2010
Will Wall St. undermine SEC whistle-blower program?
Business lobbyists are working overtime to kill the new Securities and Exchange Commission whistle-blower program in a tried-and-true Washington way: Convince the agency to issue regulations that render...
December 14, 2010
Will GOP slow CFTC’s efforts to transform derivatives market?
The Commodities Futures Trading Commission is facing a lot of hurdles, including a lack of resources. But it has been moving quickly to draft rules mandated by the Dodd-Frank law. That law gave the CFTC...
December 13, 2010
WikiLeaks cable shows surprising new lows in big pharma behavior
If you thought the depths of pharma corruption bottomed out at marketing fraud, pricing fraud or scientific fraud, you’ll be interested in this stunning revelation: Pfizer hired investigators to...
Posted In Whistleblower Law Insights
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...
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