A former Erie cardiologist who sued his former colleagues and UPMC Hamot will receive $6 million as part of the $20.75 million settlement that Hamot reached to end the cardiologist's federal whistleblower case.
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9th Circuit Court of Appeals has upheld the 2015 jury verdict awarding $1.25 million to a railroad whistleblower who claimed he was fired after reporting safety concerns.
Minutes before a judge began hearing a car emissions Australian class-action, driver Robyn Richardson declared "this is the day rubber hits the road for Volkswagen, Audi and Skoda". "They will be exposed. They will be held to account for one of the gravest of environmental and consumer wrongs that we have experienced, not just in this country but globally," she told reporters on Monday outside the Federal Court in Sydney.
The Securities and Exchange Commission today announced securities fraud charges against a U.K.-based broker-dealer and its investment manager in connection with manipulative trading in the securities of HD View 360 Inc., a U.S.-based microcap issuer.
A Birmingham whistleblower who uncovered and reported an illegal kickback and false billing scheme that defrauded the Alabama Organ Center and taxpayers was awarded a judgment of $14.7 million after winning a jury trial last month.
Car manufacturers would like to roll back standards dating from the Obama administration that mandate a deep cut in auto emissions. The rules, which require automakers to nearly double the average fuel economy of new cars and light trucks by 2025, are the single biggest step the United States has taken to combat climate change.
Rannazzisi was a whistleblower in a "60 Minutes"-Washington Post investigation last year. The report detailed how the drug industry used its influence in Congress and in the executive branch to take away the DEA's most potent tool for stopping drug companies suspected of allowing drugs to wind up in the wrong hands.
BMH paid more than $1.6 million to resolve the allegations that the hospital violated the federal False Claims Act and the Vermont False Claims Act.
Two documents show that Martin Winterkorn, chief executive of Volkswagen in 2015, was informed about Dieselgate sooner than he has admitted.
Nearly 229,000 newer Ram pickup trucks in North America are being recalled due to the risk the vehicles could shift out of park without the ignition engaged or a foot on the brake. The Associated Press reports this recall is in addition to a December 2017 one that included 1.8 million Ram pickup trucks for the same issue.
Almost a decade after the Ponzi scheme collapsed, trustees are still returning money to the victims. When bankruptcy trustees were appointed over a hectic weekend late in 2008, there seemed no end to the losses caused by the collapse of Bernie Madoff's Ponzi scheme. Cash in the bank was no more than $150m. But the losses have been less, and the assets available for compensation greater, than had been feared.
According to the Securities and Exchange Commission, Mr. Shapiro was actually operating the company as a $1.2 billion Ponzi scheme, in which storied estates like Owlwood were a lure to draw investors.
Two major recalls were announced this weekend, with Hyundai and Toyota calling back approximately 110,000 trucks and SUVs in the United States.
Congress should investigate new allegations that Volkswagen AG diesel cars were sold overseas with rigged software after the company's $14.7 billion settlement of a cheating scandal in the U.S., a Republican lawmaker said Wednesday.
Curious about the world's most — and least — corrupt countries? On Wednesday Transparency International, a well-known NGO devoted to global anti-corruption, released its annual scorecard. TI's Corruption Perceptions Index shows the United States now sits in 16th place (of 180 territories), with a score of 75 out of 100. That's a small improvement on the 2016 index in which the United States was 18th with a score of 74.
The current-generation Chevrolet Corvette Z06 is sold as a 650-horsepower supercharged track weapon, yet that hasn't been the case for owners who have had the car go into limp mode on track. More Z06 owners have brought a fourth class-action lawsuit against General Motors over this issue, complete with claims that a 2017 redesign didn't fix the problem.
A GM Duramax lawsuit will move forward after a U.S. District judge in Michigan found enough evidence to support claims that more than 700,000 model year 2011-2016 Chevrolet Silverado 2500 and 3500 and GMC Sierra 2500 and 3500 diesel trucks may have been equipped with devices to cheat emissions tests.
Why are these record awards good news for consumers and investors? First, the fact that record whistleblower awards are coming out of Washington is strong confirmation that fears our federal regulatory agencies would cease to vigorously enforce the laws are overblown at least with respect to the financial markets.
JPMorgan Chase & Co.'s failure to properly inform some rich clients about conflicts of interest has resulted in a record $30 million whistleblower award by U.S. futures regulators.
On the same day that people linked to the three politically connected Gupta brothers were granted bail by a South African court after appearing on graft charges, one of the siblings, Ajay Gupta, was declared a fugitive.
