After Investigating Itself, CenturyLink Proclaims There's Just No Way It Committed Billing Fraud

From the trust-and-don't-verify dept

Lawsuits have begun to pile up for broadband provider CenturyLink, after a whistleblower revealed earlier this year that the ISP had been routinely over-billing its broadband customers for years.

The whistleblower account was followed up by lawsuits from several state attorneys general, who say they discovered ample evidence that misleading pricing and overbilling was a consistent occurrance. An investigation by Minnesota AG Lori Swanson, for example, found numerous examples where customers were overbilled -- yet CenturyLink refused to fix the problem -- even when customers had the ISP's original promises in writing.

But worry not! CenturyLink last week issued a press release stating it had investigated itself, and found that company executives were completely and utterly innocent of any wrong doing. According to CenturyLink, read more » 

Mylan Finalizes $465 Million EpiPen Settlement With Justice Department.

Mylan NV (MYL.O) has finished a $465 million settlement settling U.S. Justice Department claims it cheated the administration for its EpiPen emergency allergy treatment, which turned into the focal point of a firestorm over cost increments. read more »

Airbus leadership under fire as crisis deepens

Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said

Board directors meeting on Thursday are seeking to contain damage from multiple international fraud investigations over commercial and military sales, while getting a grip on what could become a chain reaction of departures, insiders said. read more » 

Exxon Climate U-turn: Investors Should Do Their Homework 

Exxon Mobil’s climate-change U-turn deserves some wary investor cheers. The $350 billion oil firm is finally planning to comply with shareholder demands — approved more than six months ago — to disclose how global warming will affect its business. That’s to be welcomed. But Exxon’s reputation regarding such concerns means investors need to not just trust, but verify. 

The world’s largest independent, publicly traded oil company said in a filing Monday night that it would comply with a request — approved by more than 60 percent of shareholders in May — to improve disclosure surrounding climate change. In a follow-up letter to New York’s comptroller, Exxon elaborated: New disclosures to investors will include “energy demand sensitivities, the implications of two degree Celsius scenarios, and its positioning for a lower-carbon future.” read more »