GUEST BLOGInternal auditors, compliance officers, and other “lines of defense” professionals are in unique positions to spot fraud and wrongdoing at the companies where they work. In most cases it is enough to report the problems to senior management or to the board of directors in situations where senior executives […]
Contact Brian McCafferty: Managing Partner Kenney & McCafferty Law Firm 1787 Sentry Parkway WestBuilding 18, Suite 410 Blue Bell, PA 19422 Office: (800) 533-1015 Cell (call or text): (267) 872-0852 Email: bmccafferty@kenneymccafferty.com About: Brian P. McCafferty is an attorney and managing partner at the law firm of Kenney […]
The Federal Trade Commission announced that it is holding online used car dealer Vroom responsible for misrepresenting that it thoroughly examined all vehicles before listing them for sale and failing to obtain consumers’ consent to shipment delays or provide prompt refunds when cars weren’t delivered in the time Vroom promised. […]
UBS and several of its U.S.-based affiliates have reached a $1.4 billion settlement to resolve all civil claims brought against it by the Department of Justice (DoJ) relating to UBS’s legacy residential mortgage-backed securities (RMBS) business in the United States. “With this resolution, UBS will pay for its conduct related […]
Brazilian mining company Vale has reached a $56 million settlement with the Securities and Exchange Commission to resolve charges for allegedly making “false and misleading disclosures about the safety of its dams,” the SEC announced. In January 2019, Vale’s Brumadinho dam collapsed, killing 270 people, and “causing immeasurable environmental and […]
The medical device company Avanos Medical agreed to pay $22 million to resolve criminal charges relating to fraudulent misbranding of its surgical gowns. The company was charged under the Food, Drug, and Cosmetic Act (FDCA), for the mislabeling of its MicroCool surgical gowns. It also faced charges for obstruction of […]
As the European Union continues to bolster regulations related to climate change, member countries are responding by issuing new environmental, social, and governance (ESG) requirements that address human rights and environmental issues alike. In March, the EU issued a resolution on corporate due diligence and accountability that laid out its […]
