McKinsey settles with holdout Nevada for $45 million over role in opioid crisis

REUTERS

McKinsey & Co will pay $45 million to settle an investigation by Nevada of the big consulting firm’s role in fueling the U.S. opioid epidemic. read more »

Texas Doctor Accused of False Claims Act Violations

DOJ

The United States Attorney’s Office for the Northern District of Texas has filed a False Claims Act lawsuit against a Texas dermatopathologist and his clinic, Cockerell Dermatopathology (CDP), for submitting nearly $4.2 million in fraudulent claims to TRICARE, announced Acting U.S. Attorney Prerak Shah. read more »

Short Seller, in Devastating Report, Accuses Lordstown Motors of Faking EV Orders

CAR AND DRIVER

Hindenburg Research, a short seller that previously targeted Nikola in the fall of last year, has released a report on Lordstown Motors today saying that the startup has misled investors about the capabilities of its pickup, the Endurance, and about pre-orders for the truck, which have been widely publicized. Lordstown Motors bought the Lordstown, Ohio, plant from General Motors in 2019 and unveiled the Endurance last summer. read more »

Former Venezuelan Official Pleads Guilty in Connection with International Bribery and Money Laundering Scheme

DOJ

A dual U.S.-Venezuelan citizen and former official at Citgo Petroleum Corporation, a Houston-based subsidiary of Venezuela’s state-owned and state-controlled energy company Petróleos de Venezuela S.A. (PDVSA), pleaded guilty Monday in connection with his role in laundering millions of dollars in bribes and corruptly providing business advantages to multiple individuals who obtained contracts with Citgo and PDVSA. read more »