Day: August 22, 2023

false claims act violation

Teva to Pay Record $225M for Role in Antitrust Cartel; Glenmark to Pay $30M

Teva Pharmaceuticals USA, a U.S. affiliate of Teva Pharmaceutical Industries, will pay a $225 million criminal penalty—the largest to date for a domestic antitrust cartel—while Glenmark Pharmaceuticals USA will pay a $30 million criminal penalty to resolve similar criminal antitrust charges, the Department of Justice announced Aug. 21. Both Teva Read More

Financial reporting

FINRA Fines Cantor Fitzgerald $100,000 Over Disclosure, Supervisory Failures

Cantor Fitzgerald has agreed to a censure and a $100,000 sanction in a settlement with the Financial Industry Regulatory Authority (FINRA) relating to alleged compliance failures for which the financial services firm had previously been warned. From January 2020 to August 2020, Cantor published public quarterly reports on its handling Read More