Attorney General Balderas Reaches $32.5 Million Settlement with Financial Institutions Over Mortgage-Backed Securities Case

NEW MEXICO AG

New Mexico Attorney General Hector Balderas announced that he has reached a $32.5 million settlement with seven financial institutions collectively to settle allegations that the financial institutions did not adequately disclose the characteristics of certain mortgage-backed securities when they were purchased by New Mexico pension funds and a state-run investment council during 2003-2010. read more »

CVS, Walmart and Walgreens fueled opioid crisis, US jury finds

THE GUARDIAN

Three retail pharmacy chains recklessly distributed vast amounts of pain pills in two Ohio counties, a federal jury said on Tuesday, in a verdict that could set the tone for US city and county governments that want to hold pharmacies accountable for their roles in the opioid crisis. read more »

Government Contractor Agrees to Pay Nearly $3.5 Million to Resolve Allegations it Overcharged U.S. Navy

DOJ

Charles Stark Draper Laboratory, Inc. (Draper), a Cambridge-based non-profit research company and defense contractor, has agreed to pay nearly $3.5 million to resolve allegations that it improperly overcharged U.S. Navy contracts. Draper, among other things, helps develop weapons systems for the U.S. Navy. read more »