A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE.
Blog
Most people know about the largest auto-related recall in history, prompted by defective Takata airbags in 37 million vehicles, but millions of other vehicles are also under recall.
A whistleblower by the name of Crystal Derrick informed federal agencies that Roche Diagnostics overpaid Humana $45 million in drug rebates. Derrick's testimony also suggested that Roche Diagnostics offered to accept a $27.5 million of the $45 million and would allow Humana to keep the remainder.
Volkswagen has been fined 1 billion euros ($1.18 billion) by public prosecutors in Germany over diesel emissions cheating and said it will accept the fine, therefore admitting responsibility for the scandal.
Almost a decade after Bernard Madoff's Ponzi scheme collapsed, the trustee unwinding his fraud struck another settlement with one of the con man's earliest investors -- a $280 million deal with the hedge-fund operator and philanthropist J. Ezra Merkin.
A federal appeals court on Monday revived a whistleblower lawsuit accusing Brookdale Senior Living Inc of submitting claims to Medicare for home health services even though doctors failed to timely certify that patients were eligible to receive them.
The auto industry's diesel emissions scandal continues to spread its noxious tentacles. According to a new Bloomberg report, the latest company in the crosshairs is Daimler, makers of Mercedes-Benz. The automaker is being ordered by the Germany government to recall 774,000 diesel vehicles in Europe over concerns stemming from "prohibited shutoff devices."
Zeroclick, LLC v. Apple Inc., --- F.3d ----, 2018 WL 2450496 (Fed. Cir. June 1, 2018) marks a significant step toward a more balanced § 112(f) jurisprudence. It is the first post-Williamson Federal Circuit opinion to push back against the expansion of § 112(f), and it does so in a doctrinally coherent fashion that provides useful guidance to district courts and to future Federal Circuit panels.
The Richland-based whistleblower's case finally settled this week, generating more than $5.5 million in fines against the company and a total of $690,000 paid to Savage for alerting the government to the swindle.
German prosecutors on Monday widened an emissions cheating probe into Volkswagen's luxury carmaker Audi to include the brand's Chief Executive Rupert Stadler among the suspects accused of fraud and false advertising.
Former Volkswagen Group CEO Martin Winterkorn has been asked to testify before a German court in connection with a lawsuit seeking damages from the automaker over its emissions cheating scandal, German paper Bild reported.
Malaysia has issued an arrest warrant for financier Low Taek Jho, wanted for questioning in a graft probe involving former prime minister Najib Razak and state fund 1MDB, a media report and a source familiar with the matter said on Thursday.
The settlement with Allegiance resolves a lawsuit filed in the Eastern District of Arkansas under the whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and share in a portion of the government's recovery.
Whistleblower Christopher Wylie has told the European Parliament that the influence of Cambridge Analytica on the Brexit referendum has rendered its result illegitimate.
To avoid a potential $300 million in civil penalties, Ford has agreed to settle a class action claiming it knowingly sold vehicles with defective and unsafe touch screen systems.
The SEC said these arrangements gave deVere an incentive to provide advice that would lead to the payments, resulting in undisclosed compensation of $2.6 million for Alderson and $2.1 million for Hamilton.
The German automaker Volkswagen is promising that it will no longer support the use of animals in testing the effects of diesel exhaust, as the company tries to move past an emissions-cheating scandal in which it was found to have helped finance experiments on monkeys.
Mercy Health settles what's called a False Claims Act, which fines companies, often in healthcare or pharmaceutical fields, for defrauding governmental programs.
The ban, which came into effect on Thursday, only affects two roads, but it's a big move nonetheless in a country where the auto industry is both key to the economy and a focal point for the "Dieselgate" emissions scandal. The diesel engine, in fact, is named after Rudolf Diesel, the German engineer who invented it.
The U.S. has opened a criminal investigation into whether traders manipulated prices in the $550 billion market for unsecured bonds issued by Fannie Mae and Freddie Mac, according to people familiar with the matter.
