once a sleepy lender to German car companies, had transformed itself in just 10 years, using "insolvent" shell companies to hide significant tax liabilities, conspired to suppress and eliminate competition by fixing prices, steered $2 billion in trades to two brokerages in exchange for bribes that included vacations, cocaine and prostitutes.
Deutsche Bank agreed to admit wrongdoing and pay $18.5 million penalties to the SEC and NYAG for a total of $37 million, will also cover claims from state Medicaid programs linked to the case, Bank ran afoul of IRS rules and shirked its fiduciary responsibility by favoring its own funds
In a whistleblower lawsuit brought under the False Claims Act, a former Duke employee says Duke faculty and administrators ignored and hid allegations of scientific misconduct, allegedly resulting in $200 million of funding based on fraudulent data.
Peter E. Borkon is an attorney at Hagens Berman's San Francisco office. His practice is focused on securities class actions and shareholder derivative suits. The current presidential primaries are a vivid demonstration