Employment Class Action Settlements Set Record in 2015 Amidst Tidal Wave of FLSA Lawsuits
Class Action Litigation Report Settlements in all types of workplace class actions in 2015 reached an all-time high of $2.48 billion according to the 12th
ETFS and Variable Annuities Added to SEC Exam Priorities in 2016
Exchange Traded Funds and Variable Annuities Expect the Securities and Exchange Commission to take a harder look at whistleblower tips related to Exchange Traded Funds
Morgan Stanley Pays $8.8 million to SEC for Prearranged MBS Trading
Morgan Stanley Agrees to Settlement Morgan Stanley Investment Management has agreed to pay $8.8 million to resolve an investigation into mortgage backed securities that its
Four Settlements Highlight Justice Dept’s Health Care Actions
End of the Year Settlements It must be the last weekend before Christmas because health care companies are looking to resolve government investigations into their
JP Morgan Pays Massive $367 to Settle Client Steering Probes by SEC, CFTC
Settlement Agreements for JP Morgan An investigation into the adequacy of disclosures to clients of its wealth management business has resulted in a settlement of
Reminder: CA and IL Allow Insurance Fraud Whistleblowers
Insurance Fraud Whistleblowers The majority of work we do for whistleblowers reporting health care fraud involves cases of fraud against the US Government’s Medicare and
CFTC Fines Total $3.6 Million for Natural Gas Manipulation
The U.S. Commodity Futures Trading Commission will settle an investigation into manipulation of the natural gas market with a subsidiary of French oil company Total
SEC Investigates Collusion in Harmful Credit Default Swaps
Bloomberg is reporting that investment banks are under investigation by the Securities and Exchange Commission for manipulation of the credit default swap market. Employees or
Whistleblower Rewards Exceed $597 Million in FY 2015
Whistleblower Rewards are High Whistleblowers helped the Justice Department recover $2.8 billion in fiscal year 2015. For their assistance, they received nearly $600 million in
OIG reviewing CFTC Whistleblower Program as Administration of Reward Programs Gets Scrutinized
CFTC Whistleblower Program Review The Office of the Inspector General has refocused on an investigation of the Commodity Futures Trading Commission Whistleblower Office to determine
Whistleblowers Discover More Fraud than Internal or External Audits in Official 2015 Annual Global Fraud Report
Internal or External Audits Pale in Comparison Fraud within companies is on the rise and whistleblowers are playing a crucial role in helping detect it,
GAO Reports on IRS Whistleblower Program
The U.S. Government Accountability Office has issued a report on the IRS whistleblower program following a year long audit of the program, its operation and
CFTC Proposes New Regulations for High Speed Trading
Proposal for High Speed Trading The CFTC has launched its first proposal for regulating automated trading in the futures market. The regulations, which will be
Corporate Tax Inversions Possibly Curbed in New, Helpful Rules Proposed by IRS Proposes in 2015
Tax Inversions Curbed The Internal Revenue Service and its parent, the Treasury Department, have adopted new rules to block companies from moving abroad for lower
SEC Director Emphasizes Self-Reporting of FCPA Violations
The SEC Director of the Division of Enforcement, Andrew Ceresney, sent companies a message in the keynote address of the ACI’s 32nd FCPA Conference: If
Whistleblower Case: $95.5M Settlement in Education Management
Education Management Corp, a for-profit college company often abbreviated as EDMC, has settled a whistleblower lawsuit brought under the False Claims Act alleging illegal recruiting
DOJ Considering Guidance on FCPA Penalties to Enhance Self-Disclosure
The Justice Department may be revising its guidelines for prosecution of FCPA violations to encourage self-reporting by making the process more transparent, according to recent
IRS Continues Reduced Whistleblower Awards Under Sequestration
If you receive an IRS whistleblower award during the next two years, you will get less than the percentage you are awarded by the Internal