Supreme Court Weighs in on False Claims Act Seal Violations
The Supreme Court will undertake review of another False Claims Act case after accepting the petition of State Farm to reconsider the 5th Circuit Court
New Overtime Pay Rules to Start in December
The Department of Labor has finalized regulations to require overtime pay to approximately 4.2 million salaried workers. In order for a business to claim that
SEC Whistleblower Awarded $3.5 Million for Critical Tip
The Securities and Exchange Commission on Friday announced an award of $3.5 million to a whistleblower that bolstered an existing investigation. The government has now
Medicare FFS’ 3 Year Improper Payment Total: $125 Billion
From 2013 to 2015, Medicare paid out a total of $125 billion under the Medicare Fee-For-Service program according to a recent article in Bloomberg. The
DOJ Investigates PBMs, Market-Makers
The media has recently reported Justice Department investigations into both pharmacy-benefit managers (PBMS) and best execution of customer trades by wholesale market-making companies. PBM Investigations
Shell Corps Used in Offshore Tax Evasion Targeted
The war against international tax evasion took another step forward yesterday with President Obama proposing a federal registry of the owners of all companies created
DOJ Investigating Unaoil Bribery under FCPA
Two companies have now disclosed receiving inquiries from the U.S. Department of Justice concerning Monaco-based engineering company Unaoil S.A.M. Media reports published by The Huffington
Federal Trade Secret Reform Helps Whistleblowers
From time to time, companies accuse whistleblowers of disclosing trade secrets in violation of a confidentiality agreement. In False Claims Act cases, these counterclaims have
SEC Opens Comments on Market Manipulation Database
For years, the Securities and Exchange Commission has been discussing building a database of information about stock and options trading activity. The Consolidated Audit Trail
Co-Relator Sharing Agreements in Cases of Multiple Relators
A recent Illinois Appeals Court tackled the appropriateness of an agreement to share the proceeds of a qui tam lawsuit between a whistleblower and a
Spoofing Whistleblower Emerges in Oystacher Lawsuit
A trader at a market making firm and his colleague filed a tip with the CFTC whistleblower program about suspected illegal spoofing by Igor Oystacher after discovering
The Largest Auto Fines in U.S. History
Motor vehicle crashes are a leading cause of death in the United States. Although manufacturers have made significant strides in decreasing the number of fatalities
International Whistleblower Protections Growing But Still Fall Short
Whistleblower protection is gaining traction in many nations but “much remains to be done” according to an OECD report published last month titled “Committing to
IRS Whistleblowers to Get Help in Taxpayer Protection Act
The Senate Finance Committee approved the Taxpayer Protection Act of 2016 this week, which reforms the Internal Revenue Service’s communications with whistleblowers as well as
Auto Whistleblower Law Created by FAST Act
Coverage of the Fixing America’s Surface Transportation (FAST) Act this week alerted us to the fact that the legislation, signed by President Obama at the
SEC and CFTC Push Congress for More Funding
The annual battle over the funding of securities and derivatives regulators by Congress took a step forward today as a Senate panel heard from the
Wells Fargo, Goldman Sachs Settle Mortgage Lawsuits
It has been quite a few months since we have heard anything big about the continuing pursuit of mortgage fraud lawsuits. However, that silence changed
SEC Awards $275,000 to Whistleblower Amid Monetary Offset
The SEC issued an order for an award of more than $275,000 to a whistleblower this week although it hasn’t yet announced the decision publicly