New York Considers Awards for Bank Whistleblowers
Whistleblowers at banks and insurance companies may have another option to receive compensation for reporting misconduct if legislation written by two New York State Senators
Thank You For Your Hard Work, Brandon!
On Tuesday, our associate Brandon Lauria received a fruit basket from a client that he helped. It’s the first that he’s been given for his legal work,
Government Intervenes in $100 Million Best Price Lawsuit Against CA.
Last week, the government intervened in a whistleblower lawsuit brought under the False Claims Act against CA Technologies, an IT software provider headquartered in New York. CA
SEC Rejects Late Filing of Whistleblower Claim
If you have submitted a tip to the Securities and Exchange Commission, either as an individual or an attorney representing a client, it is crucial that
First Whistleblower Award Issued by CFTC
The Commodity Futures Trading Commission announced today that they are making a payment of approximately $240,000 to a whistleblower for information under the authority granted
Are Banks Too Big to Jail?
The SEC and DOJ have stepped up enforcement against financial institutions in the past year. Now, several regulators are taking aim at two financial institutions
DuPont’s Alleged Failure to Report Health & Environmental Issues
A whistleblower lawsuit filed under the False Claims Act accuses DuPont of failing to report a chemical leak of cancer-causing gas from a plant in
Fraud and Whistleblower News for Monday, March 31
The Supreme Court denied the cert petition in Nathan v. Takeda today. The petition questioned the Court of Appeals decision with regard to the Rule 9(b) heightened
Government Receives $300 Million in Three Health Care Fraud Settlements
There have been a few notable settlements under the False Claims Act in the last month for those tracking fraud in the health care industry.
Consumers Report $1.6 Billion in Fraud to the FTC
It has been the third snowiest winter in history here in Philadelphia. So we are looking forward to spring and warmer weather. Last week in
Supreme Court Expands SOX Whistleblower Protections
The Supreme Court issued a win for whistleblowers yesterday. In Lawson v. FMR LLC, 571 U.S. ____, slip op. (March 4, 2014), the Court held that
Tax Court Rules Whistleblower Reward is Ordinary Income
Despite arguments from whistleblowers to the contrary, the government continues to demand whistleblowers pay taxes on money awarded under the False Claims Act as ordinary income. On Monday, the
SEC 2014 Focus: Reverse Churning and IRA Rollovers
The SEC released its annual Examination Priorities for the new year in January. Among the list are two practices which may steer investors to accounts with higher
The Top 12 Tax Scams in 2014
The IRS just released its annual list of the Dirty Dozen tax scams to watch out for this year. The list identifies fraud the IRS
U.S. Businesses Combat Fraud Through Internal Initiatives
Corporations have put millions of dollars into compliance programs in order to detect fraud and employee misconduct internally. A new survey from PricewaterhouseCoopers, however, provides some
Lesson From Fifth Circuit: Don’t Delay Filing Your False Claims Act Lawsuit
It may be tempting to report misconduct to the government outside of the formal procedures provided by whistleblower laws. It would be comparatively easy for a
FDA Examines Drug Quality from Overseas Facilities.
The United States Food and Drug Administration has stepped up enforcement efforts against overseas exporters of drugs to the U.S. in light of recent reports
Blockbuster Year Predicted for the FCPA in 2014
Less than two months in to the new year, individuals are already predicting a massive year for prosecutions and settlements in Foreign Corrupt Practices Act cases, according to