Tag: New York

Assortment of pills in news article at Young Law Group website. Also representing REMS

Young Law Group Secures $225M Settlement in INSYS Case

INSYS Agrees to Global Resolution of Claims Arising from Separate DOJ Criminal and Civil Investigations The Department of Justice announced that INSYS Therapeutics, Inc. (“INSYS”) has agreed to pay $225 million to resolve allegations that it paid kickbacks and engaged in other illegal marketing tactics to promote sales of its fentanyl spray, Subsys. According to...
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Close up of gavel on desk, representing justice by Young Law Group as well as corporate whistleblowing

Alleged Nationwide Kickback Scheme by Teva Pharmaceuticals Heads to Trial

Young Law Group, Philadelphia, PA. Chief U.S. District Judge Colleen McMahon ruled on February 27th that a False Claims Act suit brought by two former employees of Teva Pharmaceuticals USA, Inc. will proceed to a trial on the merits.  In a detailed seventy-page opinion, the Court rejected numerous arguments asserted by Teva Pharmaceuticals USA, Inc....
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Close-up of United States Currency, representing The Hefty High Price of Attempted Whistleblower Retaliation, SEC, and whistleblower rewards

The High Cost of Whistleblower Retaliation Explained

It is critical that whistleblowers are able to speak up anonymously and without fear of retaliation if they want to raise concerns. Barclays fined $15 Million for CEO’s Attempt to Identify Whistleblowers The New York Department of Financial Services (DFS) issued a press release this past December  announcing a $15 million penalty against Barclays Bank PLC for violations...
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Close-up Photo of Monitor, representing Ontario Securities

Embraer Settlement Progress; Rolls Royce Investigation Update

Summer may be a slow time on the stock market but we’re getting a steady stream of bribery news with just two months left in the government’s fiscal year. On the FCPA front: Embraer announced that it has reserved $200 million for a settlement under the U.S. Foreign Corrupt Practices Act. Internationally: Germany and the U.K....
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Playing Card and Poker Chips and Dices

FCPA News: DOJ Creates Pilot Program and SEC Fines Casino over Macau

There has been a couple news items related to the Foreign Corrupt Practices Act this week, with the Justice Department announcing a one year pilot program to encourage self-disclosure and the SEC settling its investigation of Las Vegas Sands with an enforcement action totaling $9 million. The One-Year Pilot Program The Justice Department has been...
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Close Up of Photo of Books

Novartis, KBR at Center of New FCPA Allegations

We’ve seen two big stories concerning the Foreign Corrupt Practices Act (FCPA) come to light in the news media over the past few days. A report by The Huffington Post has alleged that “[h]undreds of major international corporations” including KBR, Rolls-Royce and Samsung hired Unaoil and that the company engaged in bribery of foreign government...
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Close Up of Photo of Books

FCPA News: PTC Settles for $28 Million; GCC Ups Reserve

There continues to be the release of significant FCPA news this year despite a report from law firm Miller & Chevalier noting that the number of resolved FCPA enforcement actions in 2015 was at its lowest level since 2006. The report looked at both SEC and DOJ investigations which resulted in penalties. All indications so far are...
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Brown Handle Magnifying Glass

Latest Securities News: Bribery, Conflicts, and Debt Rigging

There’s been a few smaller stories this first week of November that would be of interest to securities whistleblowers, so we thought that we would briefly touch on them in a mid-week update. VimpelCom Reserves $900 Million for Bribery Fines Russia’s third largest telecommunications company set aside $900 million from its third quarter earnings to...
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