The Securities and Exchange Commission today charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative IPOs, enabling them to reap major trading profits in the secondary markets.
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The U.S. Environmental Protection Agency and the California Air Resources Board said Tuesday they had approved an emissions fix for 24,000 Audi 3.0-liter passenger cars as Volkswagen AG looks to move beyond its diesel emissions crisis.
Boston Scientific loses bid to toss whistleblowers' billing claims. A federal judge has rejected a Boston Scientific Corp unit's bid to dismiss part of a lawsuit alleging it submitted false claims to Medicare for replacement parts for an implantable spinal cord stimulator used to treat chronic pain.
Region 8 Mental Health Services will pay the money after a former employee, Julie Farmer, filed the False Claims Act lawsuit on behalf of the government in 2009. She'll get $1.25 million of the $6.93 million. Some of the money will also go to the Mississippi state government to repay the state's share of the state-federal Medicaid program. The bulk of the settlement money will go to the federal government.
Hagens Berman Sobol Shapiro LLP's Steve Berman has had a stellar year, settling multiple class actions against big entities like the NCAA and U.S. Soccer and litigating suits against Stericycle and diabetes drug companies, securing him a place as one of Law360's 2017 Class Action MVPs.
Hyundai and Kia are recalling more than a half-million compact cars in the U.S. because the brake lights may not go out when the pedal is released.
The whistleblower account was followed up by lawsuits from several state attorneys general, who say they discovered ample evidence that misleading pricing and overbilling was a consistent occurrance.
A former manager at Regeneron Pharmaceuticals has filed a federal whistleblower lawsuit against the drug giant, claiming he was fired for raising questions about a lack of manufacturing standards.
A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.
Two recent court wins by False Claims Act defendants shows the perilous position in which late-filing whistleblowers can find themselves if they want to share in any potential fraud recovery.
In case you missed it: Vehicle recalls that came across our desk during the past week.
Bitcoin surged past $17,000 Thursday as the frenzy surrounding the virtual currency escalated just days before it starts trading on major U.S. exchanges. Bitcoin has gained more than $5,000 in just the past two days.
The Securities and Exchange Commission (SEC) has awarded its latest whistleblower more than $4.1m for information relating to a securities law violation.
The whistleblower is the third awarded by the SEC in the past week. The Securities and Exchange Commission today announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout the SEC's investigation.
Ford is aware of three accidents, one with injuries, associated with the issue, which consists of unique mud accumulation in the rear frame pocket where the rear suspension toe link attaches to the frame.
The U.S. Securities and Exchange Commission won an emergency asset freeze to stop an initial coin offering that the agency said has defrauded investors by promising a 13-fold profit in less than a month.
The Securities and Exchange Commission today charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their "Spongebuddy" product.
Volkswagen and the authorities - they've not had the best relationship of late. Sadly, it looks as if that unfortunate streak is continuing after the German company was slapped with a hefty fine by Dutch authorities.
The Securities and Exchange Commission today announced awards of more than $8 million each to two whistleblowers whose critical information and continuing assistance helped the agency bring the successful underlying enforcement action.
BMW has told its dealers to hold all sales of its 2018 i3 electric car due to a compliance issue detected by the NHTSA. The German automaker will also recall about 30,000 examples of the BMW i3.
