Workrite Companies to Pay $7.1 Million to Settle Alleged Furniture Overcharges
DOJ
Ergonomic office furniture maker Workrite Ergonomics LLC, a Delaware company, and its parent, Knape & Vogt Manufacturing Co. (collectively, Workrite), have agreed to pay $7.1 million to resolve allegations under the False Claims Act that they overcharged the federal government for office furniture under General Services Administration (GSA) contracts, the Department of Justice announced today.
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Stock Sales by Leaders at Coronavirus Testing Company Raise Legal Concerns
NPR
Early on in the coronavirus pandemic, as governments scrambled to find rapid and reliable coronavirus tests, three states ended up turning to a small public company that just months earlier had no major customers and was losing millions of dollars.
SEC Awards Over $6 Million to Joint Whistleblowers
SEC
he Securities and Exchange Commission today announced an award of over $6 million to joint whistleblowers whose information and assistance led to the successful enforcement of SEC and related actions. The whistleblowers’ substantial assistance, provided to the SEC and another government agency, included submitting documents, participating in interviews, and identifying key individuals involved in the misconduct.
McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses
NEW YORK TIMES
When Purdue Pharma agreed last month to plead guilty to criminal charges involving OxyContin, the Justice Department noted the role an unidentified consulting company had played in driving sales of the addictive painkiller even as public outrage grew over widespread overdoses.
JPMorgan Chase to pay $250 million for failings in asset, wealth business
REUTERS
JPMorgan Chase & Co has agreed to pay $250 million for risk management and other control failings in its asset and wealth management business, a U.S. regulator said on Tuesday, in the second chunky penalty for the bank in less than two months.
SEC Charges E-Commerce Startup and CEO With Defrauding Investors
SEC
The Securities and Exchange Commission today charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands.
Home Health Agency and Former Owner to Pay $5.8 Million to Settle False Claims Act Allegations
DOJ
Doctor’s Choice Home Care, Inc. and its former owners, Timothy Beach and Stuart Christensen, have agreed to pay $5.15 million to resolve allegations that the home health agency provided improper financial inducements to referring physicians through sham medical director agreements and bonuses to physicians’ spouses who were Doctor’s Choice employees, the Department of Justice announced today.
SEC Awards Whistleblower Over $900,000
SEC
The Securities and Exchange Commission today announced an award of over $900,000 to a whistleblower who identified securities law violations occurring overseas. The whistleblower's timely and important information resulted in a significant expansion of an ongoing investigation.
Wirecard's creditors claim at least 12.5 billion euros
REUTERS
Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a German court said on Wednesday.
Medicare Advantage Provider to Pay $6.3 Million to Settle False Claims Act Allegations
DOJ
Kaiser Foundation Health Plan of Washington, formerly known as Group Health Cooperative (GHC), agreed to pay $6,375,000 to resolve allegations that it submitted invalid diagnoses to Medicare for Medicare Advantage beneficiaries and received inflated payments from Medicare as a result, the Justice Department announced today.
SEC Awards Over $1.1 Million to Whistleblower for Independent Analysis
SEC
SEC Charges Investment Advisory Firms and Broker-Dealers in Connection with Sales of Complex Exchange-Traded Products
SEC
EU hits Amazon with antitrust charges. A huge fine could follow
CNN
The European Union has unveiled formal antitrust charges against Amazon for abusing its dominance in online shopping and opened a second investigation into the company's business practices.
SEC Whistleblowers Say 401ks And Pensions Are Cheated Out Of Billions In Mutual Fund Payments
FORBES
Three SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to 401ks and pensions systemically conceal and pocket billions in mutual fund “omnibus” payments which rightfully belong to retirement plans.
U.S. government looking into Pfizer's operations in China
YAHOO
Pfizer Inc. received informal requests relating to its operations in China from the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) in June and August.
SEC Awards More Than $3.6 Million and $750,000 in Separate Whistleblower Awards
SEC
The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of over $4.3 million.
SEC Awards Over $28 Million to Whistleblower
SEC
The Securities and Exchange Commission today announced an award of over $28 million to a whistleblower who provided significant information that aided the SEC in bringing a successful enforcement action. The whistleblower internally reported information that prompted the company to initiate an internal investigation, and saved the staff time and resources by providing testimony and identifying a key witness.
SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2020
SEC
The award, granted to a single individual, is more than a third higher than the previous $83 million record
