Whistleblower News: $2M Whistleblower Retaliation Award, Ripples Defense Insufficient - SEC, Boeing Halts 737 MAX, $4.5B Ponzi Scheme

Jury awards UC Irvine neurosurgeon $2 million in whistleblower retaliation case

LA TIMES

An Orange County jury awarded $2 million in damages this week to a UC Irvine neurosurgeon who alleged in a lawsuit that the University of California Board of Regents and the former dean of UCI’s School of Medicine violated whistleblower protection laws when he was retaliated against for filing a grievance against his supervisors. read more »

Ripple’s Defense “Legally Insufficient,” Says SEC

CRYPTO BRIEFING

Last year, the federal agency filed a lawsuit against Ripple for allegedly selling $1.3 billion in XRP, which the SEC has claimed is an unregistered security. read more »

Boeing halts 737 MAX deliveries due to electrical issues, shares fall

REUTERS

Boeing Co (BA.N) said on Wednesday it paused 737 MAX deliveries over an electrical issue that has partly re-grounded the fleet, and sounded notes of caution over surging coronavirus cases in India and simmering U.S.-China geopolitical tensions. read more »

TD Bank trial in $4.5 bln Stanford Ponzi scheme lawsuit ends

REUTERS

The three-month trial of a lawsuit against Toronto-Dominion Bank (TD.TO), in which the liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $4.5 billion in damages is expected to end on Wednesday. read more »