SEC suspends trading in tiny firm after eye-popping rise

U.S. securities regulators have temporarily suspended trading in the shares of Crypto Company, a small California firm whose stock sky-rocketed more than 2,700 percent this month.

The U.S. Securities and Exchange Commission in a press release on Monday raised concerns about the accuracy and adequacy of information about the company available to investors.

“Questions have also arisen concerning potentially manipulative transactions in the company’s stock in November 2017,” the SEC added. read more »

Venezuela's Bond Investors Are Wondering If They've Been Dumped

Sovereign bond investors haven’t got a payment since September.
Government is overdue on $700 million of sovereign coupons.
Venezuela investors are worried they’re getting ghosted.

That’s the concern among a growing number of sovereign bondholders six weeks after the government’s mysterious announcement that it would seek to restructure its debt while also continuing to pay what’s owed in the meantime. It’s now been a month since a creditor meeting in Caracas produced no specific proposals, and as overdue bond payments pile up without any word from officials, the relationship looks to be on rocky ground. read more »

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.

U.S. District Judge John Vazquez in Newark, New Jersey on Friday rejected Boston Scientific Neuromodulation Corp’s contention that the evidence in the case supported dismissing claims in the lawsuit that it violated the False Claims Act. read more »

United Technologies resolves U.S. counterfeit parts probe for $1 million

United Technologies Corp will pay $1.06 million to resolve claims that a company it indirectly owned falsely certified that counterfeit parts incorporated into U.S. Army helicopter engines were authentic, the U.S. Justice Department said on Tuesday.

The civil settlement with the Farmington, Connecticut-based aerospace supplier will resolve claims that Goodrich Pump and Engine Controls Systems violated the False Claims Act while acting as a subcontractor to Rolls-Royce Holdings Plc. read more »