October 30, 2015
One analyst per 5,000 ratings = $6M SEC settlement for DBRS
The Securities and Exchange Commission this week yanked away the curtain at DBRS, a credit-ratings agency, and revealed that the firm employed only one analyst to conduct the majority of surveillance tasks...
October 28, 2015
Defendant’s testimony in Libor criminal case is unusual strategy
The first US criminal trial on allegations of Libor rate-rigging by large banks will be getting more attention than usual this week as the lead defendant in the case takes the stand. Anthony Allen, a former...
October 27, 2015
Novartis settlement shows value of whistleblowers
In a closely watched False Claims Act case filed in the Southern District of New York, Novartis announced it has agreed to pay $390 million to settle whistleblower allegations that it had provided pharmacies...
Posted In Whistleblower Law Insights
September 23, 2015
Adventist settlement latest in whistleblower cases against hospitals for Stark violations
Adventist Health System’s $118 million settlement this week is the latest and largest one involving violations of the physician referral law known as the Stark Act. The settlement covered a qui tam...
Posted In Whistleblower Law Insights
September 18, 2015
Bitcoin and other virtual currencies are held for the first time to be commodities covered by the Commodity Exchange Act
The Commodity Futures Trading Commission released an order Sept. 17 holding that Bitcoin and other virtual currencies are commodities and are subject to regulation under the Commodity Exchange Act and...
August 25, 2015
Special Care & NY Hospitals Settle Lawsuit For $8 Million
SpecialCare Hospital Management Corp. and three New York hospitals agreed this week to pay a total of more than $8 million to New York and the federal government to settle a whistleblower lawsuit and government...
Posted In Whistleblower Law Insights
August 19, 2015
BNY Mellon FCPA Case Settlement Highlights Foreign Bribery
Following the Bank of New York Mellon’s settlement with the SEC this week, expect to see more Wall Street banks settle foreign bribery allegations involving the practice of hiring relatives of sovereign...
August 14, 2015
Whistleblower lawsuit in Texas alleges fraud by Medicare Advantage plans through home visit health assessments
News reports are once again highlighting fraud by Medicare Advantage plans to boost their revenues. The most recent whistleblower case that has been made public involves home health visits. The “qui...
Posted In Whistleblower Law Insights
August 14, 2015
SEC takes action to clean up municipal bond underwriting
The Securities and Exchange Commission (SEC) took a major step this week with its efforts to clean up municipal bond underwriting with the announcement of a $20 million settlement with brokerage firm Edward...
August 07, 2015
Glaxo rehires China executive thought to be whistleblower
In a surprising move this week, GlaxoSmithKline rehired Vivian Shi, a former executive suspected of making the fraud and corruption allegations against Glaxo that led to $500 million in fines to China...
Posted In Whistleblower Law Insights