The Securities and Exchange Commission said that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers. “Today’s award reflects the impact that whistleblower information can have in uncovering violations […]
Law360, New York (October 5, 2017, 3:36 PM EDT) — Two whistleblowers accusing PharMerica Inc. of accepting kickbacks from drugmaker Organon USA Inc. have asked a Massachusetts federal court to revive claims dismissed in 2012, arguing claims under various state False Claims Acts aren’t blocked by the first-to-file bar, according to a motion filed Wednesday. Senior […]
In the age of Wikileaks, “whistleblowing” is a term with which we are all familiar and the role of the whistleblower is more prominent now than ever. The financial services sector is no exception, with the expectations and requirements placed upon financial institutions in relation to their whistleblowing arrangements continuing to grow.
In the Dodd-Frank Act of 2010, Congress established a whistleblower program for the Commodity Futures Trading Commission (CFTC), the United States’ primary regulator of commodities, in an effort to encourage whistleblowers to report possible violations of the Commodity Exchange Act. On May 22, 2017, the CFTC announced modifications to the rules governing its whistleblower program that will expand the […]
ATLANTA, Sept. 27, 2017 /PRNewswire/ — Atlanta- and New York-based Moss & Gilmore LLP announced today the settlement with the U.S. Department of Justice of a False Claims Act lawsuit against AnMed Health, an affiliate of Carolina Health Care System (“CHS”). AnMed Health is a not-for-profit health system in Anderson, South Carolina that provides hospital and other healthcare services to residents […]
What happens when whistleblowers “out” executives and the companies who knowingly cook the books? New research shows some eye-opening results. Firms are hit with significantly higher financial penalties, and individuals who are convicted receive longer prison sentences, on top of stiffer fines — according to a paper recently published online in the Journal of Accounting […]
A whistleblower has been paid $470,000 out of a $2 million settlement after successfully challenging what she and government prosecutors say was a shell company at the Hanford Nuclear Reservation. The subcontractor charged with setting up the shell company, Federal Engineers & Constructors, worked under the huge, three-headed joint venture Washington Closure Hanford (WCH), which […]
Not unlike the popular psychology that emerged in the late 20th century, in the legal world, “self-help” is a powerful notion that calls upon the individual to take an active role in creating his or her best legal outcome. For whistleblowers, particularly those reporting corporate misconduct, this is mission critical. Given the spate of high-profile bounties […]
The latest mega breach is a big one. This week Equifax announced that it had suffered a breach of data belonging to as many as 143 million Americans. That’s about half the country. Worse, the breached data was sensitive: names, social security numbers, birth dates, addresses, and some driver’s license numbers. Even in a world where mega […]
Novo Nordisk just won a nod from the FDA for the cardiovascular risk reduction of Victoza, which should further propel sales of the blockbuster. But in its own nod to a darker side of its sales history, the company has settled, for nearly $60 million, another batch of lawsuits over past marketing of the Type […]
