The Securities and Exchange Commission said Friday a whistleblower award of more than $300,000 went to a company audit and compliance employee who complained to the SEC after the company didn't act on the same information.
Entries in Whistleblower (106)
A Chicago man was indicted Wednesday for defrauding 290 Chinese investors in an alleged visa scheme that ran for two years until it was stopped by a whistleblower complaint to the SEC.
While the beleaguered Washington Metropolitan Transit Authority (“WMATA”) is often the subject of negative press about its service issues and mismanagement, the organization faced a new type of headline last week. On August 20th, the U.S. Attorney’s Office for the District of Columbia announced a $4.2 million settlement with Metro to resolve several alleged procurement law violations.
The United States Court of Appeals for the Second Circuit on Thursday affirmed the dismissal of lawsuit filed by a former Siemens compliance officer in China who said the company retaliated against him after he internally reported alleged corrupt sales practices.
McKesson Corporation agreed to pay $18 million to resolve allegations that it improperly set temperature monitors used in shipping vaccines under its contract with the Centers for Disease Control and Prevention (CDC), the DOJ said Friday.
Regulators in the United Kingdom said Wednesday they won't adopt incentives for whistleblowers like those in the United States but will help businesses improve their internal reporting and whistleblower protections.
The United States has intervened in a whistleblower lawsuit against Symantec Corporation, alleging that Symantec submitted false claims to the United States on a General Services Administration (GSA) software contract.
As we said a couple of days ago, the traditional ancient duty of lawyers was advocacy, not enforcement. Asking lawyers to be the hall monitors for corporate America and beyond isn't an advocacy role. In fact, it conflicts with advocacy and, as we said yesterday, puts in-housers at risk.
An Ohio pharmacist who complained that his employer was paying kickbacks to nursing homes for the right to supply drugs to elderly patients will collect more than $17 million as part of the DOJ's settlement of the case.
Whether a member of a limited liability partnership (LLP) can be a protected whistleblower under the Employment Rights Act 1996 ERA was recently considered by the UK Supreme Court.