The European Commission announced that it has opened an in-depth investigation into Microsoft’s proposed acquisition of Activision Blizzard over anticompetition concerns. Both Microsoft and Activision Blizzard develop and publish games for PC game consoles and mobile devices, as well as distribute games for PCs. In addition, Microsoft also distributes games Read More
Vonage, a subsidiary of Ericsson, has been ordered by the Federal Trade Commission to pay a record $100 million settlement to be used to refund harmed consumers after the internet phone service provider imposed junk fees and created obstacles for consumers who tried to cancel their service. According to the Read More
SolarWinds disclosed in a press release accompanying a recent regulatory filing that the Securities and Exchange Commission has issued it a “Wells Notice” concerning an investigation into SolarWind’s previously disclosed cyberattack on the company’s Orion Software Platform and internal systems. “The Wells Notice states that the SEC staff has made Read More
Leidos, a U.S. engineering company, disclosed in its latest quarterly filing that it has received two federal grand jury subpoenas in connection with two separate criminal investigations relating to potential violations of the Foreign Corrupt Practices Act and antitrust laws. In a Nov. 1 quarterly filing, Leidos cryptically said “through Read More
Modernizing Medicine (ModMed), an electronic health record (EHR) technology vendor, will pay $45 million over allegations that it violated the False Claims Act (FCA) by soliciting and receiving kickbacks in exchange for referrals and by causing healthcare providers to submit false claims, the Department of Justice (DoJ) said. The Anti-Kickback Read More
Danske Bank said in a recent financial report it expects to pay a total of 15.5 billion Danish kroner (U.S. $2.1 billion) to U.S. and Danish enforcement authorities to settle allegations that for years it allowed more than $200 billion in dirty money to be laundered through its former Estonia Read More
A district court judge has ruled in favor of the Department of Justice in its civil antitrust lawsuit to block book publisher Penguin Random House’s proposed $2.2 billion acquisition of Simon & Schuster, the DoJ said. “Upon review of the extensive record and careful consideration of the parties’ arguments, the Read More
The Securities and Exchange Commission finalized its long-awaited so-called “clawback rule” on Wednesday, which would require public companies to recover “erroneously awarded incentive-based compensation” on a wide range of executive officers following a restatement due to misconduct. The SEC had reopened its comment period in June concerning the proposed clawback Read More
In a first-of-its-kind resolution with the Department of Justice, Google has agreed to reform and upgrade its compliance program in a way that ensures “timely and complete responses” to lawful court orders, including subpoenas and search warrants, the Justice Department announced. “This agreement demonstrates the Department’s resolve in ensuring that Read More
Mattel has agreed to a cease-and-desist order and will pay a $3.5 million civil penalty to settle charges brought by the Securities and Exchange Commission relating to misstatements the U.S. multinational toy company made in its third and fourth quarter 2017 financial statements. The SEC separately has initiated litigation against Read More
