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
The Supreme Court ruled unanimously that UBS Securities must pay $900,000 in back-pay to a former analyst who filed a claim against the company, asserting that he should have been afforded whistleblower protection. Trevor Murray, a former research analyst at UBS, sued the firm in 2012 claiming that he was Read More
GUEST BLOG POST: Finding ways for employees to feel comfortable speaking up when something isn’t right is challenging in the best of times. But with the backdrop of uncertainty from a bumpy economy and pending merger, the Activision Blizzard Ethics and Compliance team faces unprecedented headwinds. We’ll walk you through Read More
The Securities and Exchange Commission has settled charges against CBRE Inc., a Dallas-based commercial real estate firm, for using an employee release that violated the SEC’s whistleblower protection rule. CBRE agreed to pay a civil penalty of $375,000 as part of the settlement. According to the SEC’s order, between 2011 Read More
The Securities and Exchange Commission has issued its largest-ever award, a staggering $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions, the regulatory agency said Friday in a statement. This is the highest award in the SEC’s whistleblower program’s history, 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
Enforcement against foreign bribery on a global scale has hit an historic low, according to a report by Transparency International. In Transparency International’s report, “Exporting Corruption 2022,” 43 signatories to the OECD Anti-Bribery Convention were assessed, along with China, India, Hong Kong SAR, and Singapore. Together, the countries analyzed account Read More
A division of the U.S. Department of Labor has ordered Wells Fargo to pay $22 million to a former senior manager in its commercial banking segment after finding he was wrongfully terminated in violation of the Sarbanes-Oxley Act’s whistleblower protection provisions. After being terminated in 2019, the senior manager, who Read More
A California county organized health system (COHS) and three California healthcare providers have agreed to pay a total of $70.7 million in three separate settlements over alleged violations of the False Claims Act (FCA) and the California False Claims Act (CFCA) concerning the submission of false claims to California’s Medicaid Read More
Medical-device maker Boston Scientific disclosed in a recent regulatory filing that it’s currently under investigation concerning alleged violations of the Foreign Corrupt Practices Act. “In March 2022, the company received a whistleblower letter alleging Foreign Corrupt Practices Act violations in Vietnam,” Boston Scientific stated in an Aug. 4 quarterly filing. Read More
