Category: News

U.S. Capitol building partially obscured by trees, symbolizing legislative discussions on whistleblower protections and tax fraud legislation.

Chamber of Commerce Aims to Amend the False Claims Act

U.S. Chamber of Commerce Looks to Gut The False Claims Act In a move that is anything but surprising, the nation’s largest and most powerful business lobby, the U.S. Chamber of Commerce (the “Chamber”) issued a report on October 23, 2013 seeking to undermine the efficacy of the False Claims Act (“FCA”).  The Chamber’s Institute...
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Skyline of major banking buildings, including Citigroup, HSBC, and Barclays, representing financial institutions relevant to banking overtime hours and employee compensation issues.

Have the JP Morgan-DOJ Settlement Talks Be Driven By A Whistleblower?

Have the JP Morgan-DOJ Settlement Talks Be Driven By A Whistleblower? October 22, 2013 – Reports are that the Justice Department’s case against JP Morgan is being bolstered in part by the involvement of a whistleblower from inside the bank who is aiding the government.  The Wall Street Journal has reported that, “the cooperating person...
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Stack of U.S. hundred dollar bills representing financial implications in whistleblower cases and fraud.

Boston Scientific Settlement: False Claims Act Allegations Confirmed

JP Morgan Reported To Be Close To Finalizing A $13 Billion Settlement With Department Of Justice October 21, 2013 – It is being widely reported that the Department of Justice and JP Morgan are finalizing the details of a $13 billion settlement relating to the 2008 financial meltdown. JP Morgan has already paid close to...
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Boston Scientific To Pay $30 Million To Settle False Claims Act Allegations

Boston Scientific To Pay $30 Million To Settle False Claims Act Allegations October 17, 2013 – As Reported in the Corpoate Crime Reporter, Boston Scientific Corporation, and its subsidiaries Guidant, LLC, Guidant Sales, LLC, and Cardiac Pacemakers, Inc. will pay a combined $30 million to settle allegations that it violated the False Claims Act by...
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Gavel on a desk symbolizing legal authority and justice, relevant to whistleblower cases and legal assistance.

SEC Loses Case Against Celebrity Mark Cuban

SEC Loses Case Against Celebrity Mark Cuban The U.S. Securities and Exchange Commission has lost a high-profile but low-stakes case against billionaire celebrity investor Mark Cuban in a Federal Court in Dallas.  The SEC alleged that Cuban engaged in insider trading when he sold his 6.3% stake in Canadian internet company Mamma.com to avoid a $750,000 loss...
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Close-up of library books with worn spines, highlighting the importance of knowledge and research in understanding whistleblower cases and corporate fraud.

It’s Time To Pass a State False Claims Act in PA

It’s Time To Pass a State False Claims Act in PA The Commonwealth of Pennsylvania continues to miss numerous golden opportunities to collect millions of dollars in taxpayer monies from individuals and corporations who defraud the Commonwealth. In order to rectify the situation the legislature needs to enact a State False Claims Act.   The Act,...
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Boston at Night - U.S. District Court for the District of Massachusetts Refuses to Adopt Narrow Definition of SEC Whistleblower Under Dodd-Frank

Massachusetts Court Rejects Narrow SEC Whistleblower Definition

U.S. District Court for the District of Massachusetts Refuses to Adopt Narrow Definition of SEC Whistleblower Under Dodd-Frank On October 16, 2013, a federal court in Massachusetts issued a ruling widely applauded by whistleblower attorneys and advocates.  See Ellington v. Giacoumakis, No. 13-11791-RGS, 2013 WL 5631046 (D. Mass. Oct. 16, 2013).  The primary issue in the decision...
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London skyline featuring the Houses of Parliament and Big Ben at sunset, with the River Thames and Westminster Bridge in the foreground, symbolizing governance and legal matters relevant to whistleblower cases.

UK Contemplates Qui Tam Provision

UK Contemplates Qui Tam Provision It has recently been reported that the British government is contemplating the creation of a reward system, with qui tam provisions similar to the False Claims Act, to encourage whistleblowers to come forward with necessary information to root out government fraud and other white-collar crime. The U.K. Home Office, acting in concert with other...
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Stack of U.S. hundred dollar bills representing financial implications in whistleblower cases and fraud.

SEC Boosts Whistleblower Program with $14 Million Award

$14 Million Award Signals SEC Is Embracing Its Whistleblower Program On October 1, 2013, the Securities and Exchange Commission (“SEC”) announced the payment of a $14,000,000 award to an, as yet, anonymous whistleblower, whose information led to the recovery of significant funds.  The award, the largest to date issued by the SEC, is a significant...
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