C anadian-based TD Bank will pay more than $3 billion in a historic settlement with U.S. authorities who said that the financial institution’s lax practices allowed significant money laundering over multiple years. The bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do Read More
As a result of the Federal Trade Commission’s investigation, the Department of Justice sued TikTok and its parent company ByteDance with flagrantly violating a children’s privacy law—the Children’s Online Privacy Protection Act—and also alleged they infringed an existing FTC 2019 consent order against TikTok for violating COPPA. The complaint alleges Read More
The Department of Justice launched a new initiative to crack down on corporate crime: the Corporate Whistleblower Awards Program. Under this program, whistleblowers can now submit information to DoJ’s Criminal Division about certain types of corporate crime such as bribery and fraud. The program offers monetary awards to those provide Read More
In a landmark trial case, a federal judge ruled that Google violated antitrust law when it spent billions of dollars to have its search engine dominate the industry. The decision, issued after a 10-week bench trial, represents a significant victory for the effort to challenge the dominance of a few Read More
In its financial filing, RTX Corp announced that it is setting aside $1.2 billion in order to satisfy expected deferred prosecution agreements with the Department of Justice and Securities Exchange commission. These anticipated agreements arise from allegations that the aerospace and defense company made numerous improper payments tied to contracts Read More
The U.S Department of Justice announced that Boeing has agreed to plead guilty to single charge of conspiracy to defraud the FAA about its 737 Max 8’s development. This agreement resulted from two crashes of the aerospace’s 737 Max jetliners that occurred in 2018 and 2019 and resulted in the Read More
In a major judicial ruling, the Supreme Court overruled a long-standing doctrine that permitted courts to defer to federal agencies on the interpretations of ambiguous laws. In the case of Loper Bright Enterprises v. Raimondo, the Court invalidated the “Chevron Deference” doctrine which effectively shifts the power to interpret complex Read More
The U.S. Department of Justice (DoJ) announced that it obtained more than $2.68 billion in settlement and judgements under the False Claims Act. The government and whistleblowers were party to 543 settlements and judgments, the highest number of settlements and judgments in a single year. Recoveries since 1986, when Congress Read More
A non-profit cancer treatment center based in Tampa, Florida has agreed to a settlement with the Department of Justice to resolve charges of False Claims Act violations. The violations result from improper claims submitted to federal healthcare programs for patient care services that were not eligible for reimbursement. The DoJ Read More
Last month, President Biden signed the annual defense spending bill for 2024, otherwise known as National Defense Authorization Act (NDAA), into law. Contained in the NDAA is a provision titled the Foreign Extortion Prevention Act (FEPA), which for the first time makes it a crime for foreign officials or other Read More
