December 22, 2022
SEC Settles with Honeywell for $81 Million in Latest SEC Action for Paying Bribes in Brazil
On December 19, the SEC announced that Honeywell – a North Carolina-based manufacturer of aerospace, building technologies, and automation products – has agreed to pay more than $81 million to settle...
Posted In Whistleblower Law Insights
October 04, 2022
Oracle to Pay $23 Million SEC Settlement in Second Bribery Case Involving Improper Slush Funds
On September 27, the SEC announced that the technology firm Oracle had agreed to pay $23 million to settle allegations that it violated the Foreign Corrupt Practices Act by using off-the-books slush funds...
Posted In Whistleblower Law Insights
September 27, 2022
Mind the tax gap!
By Molly Knobler of Phillips & Cohen LLP and attorney Tony Munter Government and academic sources refer to the difference in the amount of money paid in taxes and the amount owed as the “Tax...
Posted In Whistleblower Law Insights
September 23, 2022
New SEC rules strengthen whistleblower program
Last month, in a 3-2 vote, the U.S. Securities and Exchange Commission (SEC) approved two changes to the rules governing its whistleblower program. The amendments will strengthen the SEC’s whistleblower...
Posted In Whistleblower Law Insights
September 17, 2022
There’s billions in “other” frauds outside of healthcare and defense contracting
Healthcare and defense spending rank number 1 and 2 in the federal budget every year. It is not surprising that they would similarly take top-billing in fraud recoveries. As described on September...
Posted In Whistleblower Law Insights
September 07, 2022
On Clean Air Day, whistleblowers needed to ensure IRA implementation
Today, the world’s Fourth Annual Clean Air Day, we celebrate the United States’ historic investment in protecting our climate. Just three weeks ago, President Biden signed the Inflation Reduction...
Posted In Whistleblower Law Insights
August 16, 2022
Why whistleblowers will be vital for the Inflation Reduction Act
The Inflation Reduction Act of 2022 (“IRA”) has many ambitious goals. To take a step back from the climate precipice we’ve walked onto. To bring down the cost of pharmaceuticals for American seniors....
Posted In Whistleblower Law Insights
August 04, 2022
Whistleblower achieves record settlement in non-intervened False Claims Act case
Last week, a case filed by a whistleblower who reported alleged fraud by the biotechnology company Biogen netted the largest recovery to date—$900 million—in a False Claims Act lawsuit in which the...
Posted In Whistleblower Law Insights
June 29, 2022
IRS Releases annual whistleblower report; new director brings opportunity for growth
The IRS Whistleblower program is an important tool to detect fraud and abuse of the tax system. Since its inception in 2007, the IRS Whistleblower Office has paid out more than 2,500 awards to whistleblowers...
Posted In Whistleblower Law Insights
June 15, 2022
SEC enforcement continues during COVID-19
The SEC shows no signs of slowing down on taking enforcement actions against COVID-related fraud by public companies. On March 31, 2022, the SEC reached a settlement with healthcare software company SCWorx,...
Posted In Whistleblower Law Insights