Jet engine manufacturer Pratt & Whitney has been accused by a former employee of using an ineffective assembly process for engines that go in U.S. fighter jets and manipulating test processes to pass inspection, according to a whistle-blower suit recently made public.
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Suspended Audi CEO Rupert Stadler, 55, was arrested in connection to Volkswagen Auto Group's "Dieselgate" emissions scandal back in mid-June. Despite prosecutors saying he could go free in a matter of days if cooperative, Stadler spent the last several weeks in detention. On Monday, his bid for freedom was denied by the Munich appeals court.
The Anti-Kickback Statute, in relevant part, prohibits offering or paying anything of value to encourage the referral, or to encourage recommending or arranging for the referral, of items or services covered by Medicare, Medicaid, and other federally funded programs.
The fallout from Volkswagen's diesel emissions scandal has left the automaker in an awkward spot: It must now fund an ad campaign pushing electric vehicle awareness that highlights competitors' products.
Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S.
The 2000 Harvard University graduate accused Goldman and Jim Esposito, promoted this week to global co-head of its trading business, of violating his rights as a whistleblower under the federal Dodd-Frank law, and also accused Goldman of defamation.
The U.S. Securities and Exchange Commission is intensifying its scrutiny of Tesla Inc.'s public statements in the wake of Elon Musk's provocative tweet Tuesday about taking the electric-car company private, according to two people familiar with the matter.
Former Audi Chief Executive Rupert Stadler's request to be freed from custody has been rejected, the Munich court of appeal said on Monday.
Three years ago Volkswagen was caught cheating with emission tests, but they were not the only carmaker manipulating the data. Brussels is introducing a more robust regime but the manufacturers are already finding ways of undermining it
A federal appeals court on Thursday ruled that a whistleblower suing Allergan Inc could not avoid a ban on pursuing such lawsuits when a similar one has already been filed by amending his complaint following the dismissal of the earlier case.
The CFTC has handed out more than $45 million in multiple whistleblower awards, reflecting the higher volumes and greater complexity of incoming whistleblower submissions, officials say.
A whistleblower lawsuit was filed by Frank Tra, a former clinical oncology pharmacist at the Hutchinson Clinic, in 2014.
The Commodity Futures Trading Commission (CFTC) today announced multiple whistleblower awards totaling more than $45 million. The awards demonstrate the growing success of the CFTC's Whistleblower Program, in particular the increasing volume and complexity of incoming whistleblower submissions. Just last month, the CFTC announce
Failing to turn in the paperwork won't boot the cars off the road, however.
If you own a diesel Volkswagen or Audi that was affected by the company's 2015 diesel scandal, and if you haven't submitted the proper paperwork to receive compensation, you only have one month left to do so.
Martin Winterkorn already faces investigations on both sides of the Atlantic over Dieselgate. Now German prosecutors are scrutinizing his financial affairs to see whether he evaded taxes too, according to reports.
Former Volkswagen boss Martin Winterkorn may be in even deeper trouble than he thought.
The Supreme Court has given the Securities and Exchange Commission a difficult choice: Work faster or get Congress to change the law.
At issue is the court's ruling a year ago in Kokesh v. Securities and Exchange Commission. The decision imposed a five-year window on the agency to seek repayment of any ill-gotten gains. Already, the decision has resulted in the dismissal of an overseas bribery case because the S.E.C. took too long to file the charges and has spurred a lawsuit demanding that the agency repay billions
Investors are now questioning the disclosures around the death of the long-time chief executive officer of Fiat Chrysler Automobiles NV in a Zurich hospital on July 25, only days after he was replaced following a sudden health decline. The mystery of Marchionne's condition in the final weeks and months of his life is casting a pall over his achievements in rescuing Fiat from the brink of collapse during his 14-year tenure running Italy's largest manufacturer.
European Commission claims manufacturers are cheating in two ways to undermine its target of reducing CO2 output
European Union car makers may be submitting "inflated" figures for their vehicles' carbon dioxide emissions to soften future targets for reducing the greenhouse gas, European Commission documents seen by AFP Wednesday show.
For nearly two years, Facebook has appeared bulletproof despite a series of scandals about the misuse of its giant social network.
Americans have been shaken by crashes of driverless cars and their semiautonomous counterparts, two recent surveys show, and consumer groups are pushing back against what they say is a flawed effort in Congress to regulate the vehicles.
