Five more US states sue Purdue Pharma over its role in opioid crisis

Wisconsin, Iowa, Kansas, Maryland and West Virginia join several dozen other states, alleging company pushed false claims such as ‘we sell hope in a bottle’

Five more US states sued painkiller maker Purdue Pharma on Thursday, alleging misconduct in the marketing and sales of opioids such as the company’s highly-profitable OxyContin narcotic. read more »

Ex-UBS Compliance Officer Says Burner Phone Gift Was ‘Strange’

Fabiana Abdel-Malek on trial in London for insider trading

Abdel-Malek, co-defendant Walid Choucair deny charges

A former UBS Group AG compliance officer charged with insider trading said she was surprised when her daytrading co-defendant asked her to limit their contact to a burner phone that he handed her after nights out in a London night club.

Fabiana Abdel-Malek, 36, is accused of leaking price-sensitive deals information from a UBS deals database to Walid Choucair, allowing him to profit from the information. She called and texted Choucair on burner phones, prosecution for the U.K. Financial Conduct Authority said at the trial, which started last month. read more »

Ex-JPMorgan banker faces Hong Kong bribery charges over 'princeling' hires

JPMorgan’s former Asia investment banking vice-chair Catherine Leung has been charged with two counts of bribery by Hong Kong’s anti-corruption watchdog for offering a job to the son of a potential client.

In 2016, JPMorgan agreed to pay U.S. authorities $264 million to resolve allegations it hired the relatives of Chinese officials - dubbed “princelings” - to win banking deals, according to U.S. Securities and Exchange Commission and the U.S. Justice Department. read more »

Pilots heard on audio recording pleading with Boeing

Report company resisted call to fix Max planes

American Airline pilot union officials met with Boeing engineers in Dallas after the first 737 Max crash and pushed them to take more action in a heated conversation. read more »

Scheme to Defraud Medicare by Soliciting Kickback Payments

A New Orleans, Louisiana, man pleaded guilty today for his role in a scheme to solicit the payment of illegal health care kickbacks to several individuals, including two New Orleans-area physicians, for the referring and certifying of individuals for medically unnecessary home health services. read more »