The Securities and Exchange Commission today announced an award of over $1.25 million to a whistleblower whose significant information prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of millions of dollars to harmed investors. “The whistleblower’s expeditious reporting alerted the agency to previously unknown securities […]
Konica Minolta Healthcare Americas will pay $500,000 to settle a whistleblower case that alleged its Viztek electronic health record subsidiary had falsified data for certification tests. WHY IT MATTERS In the qui tam complaint, filed in 2017 in U.S. District Court in New Jersey – where Konica Minolta is based – was filed by whistleblower […]
On June 5, the U.S. Securities and Exchange Commission (SEC) announced final judgment on its fraud charges against investment adviser Navellier & Associates, Inc. and its founder and chief investment officer, Louis Navellier. Following the ruling of a federal district court in Massachusetts, the SEC receives more than $30 million in monetary relief. The SEC […]
The World Acceptance Corporation (WAC) has agreed to pay $21.7 million to resolve claims that its former subsidiary, WAC de Mexico S.A. de C.V., paid bribes to officials for over seven years, a violation of the Foreign Corrupt Practices Act. WAC, a consumer loan company from South Carolina, allegedly paid bribes to Mexican Union and Government […]
Two whistleblowers receive $1.48 million as part of a recent settlement to resolve False Claims Act allegations between a vehicle parts supplier and the government. The False Claims Act allows private parties to sue on behalf of the U.S. government and receive a portion of the financial recovery from the claims. Whistleblowers are eligible to […]
MJHS Hospice and Palliative Care in New York settled a whistleblower case against a former employee under the civil False Claims Act for $5.225 million. The hospice acknowledged resolution of the private citizen action filing in a statement shared with Hospice News. “The allegation was that medical record documentation for hospice levels of care for […]
California-headquartered Longwood Management Corporation and a large number of its affiliates have agreed to pay $16.7 million to settle Medicare fraud claims. Longwood’s alleged violations were brought to light by three whistleblowers, Judy Boyce, Benjamin Monsod, and Keith Pennetti, who will now share a $3 million award. Longwood operates numerous skilled nursing facilities (SNFs) across […]
New efforts by states to incentivize whistleblowers financially underscore the importance of comprehensive corporate compliance programs that effectively address all internal reports of potential misconduct that may constitute violations of state or federal securities laws. The North American Securities Administrators Association (“NASAA”) recently released two proposed Model Acts—a Model Whistleblower Award and Protection Act (“Model […]
The Commodity Futures Trading Commission (CFTC) recently announced that it has granted an award of around $9 million to a whistleblower, one of the five largest awards granted as part of the regulator’s Whistleblower Program. The US watchdog said in a statement on Monday that it granted the award after the whistleblower gave it a specific, credible […]
DETROIT, July 24, 2020 — Hoyer Law Group, PLLC, is pleased to announce an $8 million settlement of a lawsuit brought on behalf of its whistleblower client Jeffrey S. Hawk against CWD Holdings, LLC (CWD), and other defendants. CWD, a California-based company, is one of the largest distributors of aftermarket brake and chassis parts in North America. Mr. Hawk alleged that CWD violated […]
