Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper.
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Carbanak's suspected ringleader is under arrest, but $1.2 billion remains missing, and his malware attacks live on. Before WannaCry, before the Sony Pictures hack, and before the breaches that opened up Equifax and Yahoo!, there was a nasty bit of malware known as Carbanak. Unlike those spectacular attacks, this malware wasn't created by people interested in paralyzing institutions for ransom, publishing embarrassing emails, or taking personal data. The Carbanak guys just wanted loot, and lots of it.
But the employee, Martin Tripp, told The Washington Post that he did not tamper with internal systems and is instead a whistleblower who spoke out after seeing "some really scary things" inside the company, including dangerously punctured batteries installed in cars.
Automotive recalls are steadily on the rise, and federal statistics estimate that about 30 percent of them go without being repaired. Recalls such as the widespread Takata airbag recall regularly make the news, and automotive website Jalopnik recently investigated the story of a recalled Ford Escape that caught on fire even though it wasn't running, burning up an entire cargo ship.
The lawsuits were filed under whistleblower provisions of the False Claims Act, which permit citizens with knowledge of fraud against the government to file action on behalf of the United States and share in any recovery.
The whistleblower who outed Cambridge Analytica for improperly accessing millions of Facebook users' personal information warned on Tuesday that unchecked data collection and targeting on social media threaten Web users' privacy — and the healthy functioning of democracy.
Audi's CEO Rupert Stadler is "ready to talk" after being arrested in connection with the emissions-cheating scandal. Meanwhile, the company's executive board is deliberating his replacement.
Being in charge of a business during a scandal that misled consumers, spewed pollutants into the atmosphere and helped incinerate billions of your parent company's capital might get you sacked at many places. At Volkswagen AG, it gets you promoted.
A former Barclays trader on trial for allegedly rigging the Euro Interbank Offered Rate (Euribor) was a whistleblower for the lowballing scandal that rocked the banking industry, a court has heard.
Last month, the bank also agreed to pay $480 million to resolve a securities fraud lawsuit filed with the District Court for the Northern District of California which alleged the bank made certain misstatements and omissions in disclosures related to its sales practices.
When evidence emerged that Audi had played a major role in developing illegal emissions software on Mr. Stadler's watch, he and most other top executives kept their jobs.
Red Card: How the U.S. Blew the Whistle on the World's Biggest Sports Scandal, the Buzzfeed investigative reporter details how the unlikeliest of countries the one that cares the least about soccer became the one that finally exposed its criminal underbelly.
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.
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.
