Former Aerospace Outsourcing Executive Charged for Key Role in a Long-Running Antitrust Conspiracy

DOJ

The U.S. District Court for the District of Connecticut unsealed a criminal complaint accusing a former aerospace outsourcing executive of participating in a long-running conspiracy with managers and executives of several outsource engineering suppliers (Suppliers) to restrict the hiring and recruiting of engineers and other skilled laborers among their respective companies. read more »

U.S. Senate panel faults FAA oversight of Boeing

CNBC

A U.S. Senate report released on Monday says the Federal Aviation Administration must do a better job overseeing Boeing and the certification of new airplanes, as well as review allegations raised by seven industry whistleblowers. read more »

UBS is fined $2 billion for helping rich French clients evade taxes

NEW YORK TIMES

An appeals court in France on Monday ordered the Swiss bank UBS to pay a fine of 1.8 billion euros (about $2 billion) for helping rich clients evade taxes — less than half the penalty the bank had been ordered to pay two years ago in a sensational case that prosecutors had likened to the plot of a James Bond movie. read more »