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Blue Cross Blue Shield's $2.7B Tentative Antitrust Settlement Deal Sets To Benefit Americans
Friday, September 25, 2020 - 6:09am | 333Read More...The Blue Cross Blue Shield insurance group is working out a tentative agreement to settle $2.7 billion, in an antitrust class-action lawsuit filed in 2012 on behalf of the health plan customers, reports Reuters. The Blue Cross Blue Shield Association comprises of 36 insurance providers....
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Amyris Denies 'Patent Infringement' Allegations On Heels Of $881M Lavvan Lawsuit
Friday, September 11, 2020 - 3:25pm | 375Read More...Biotech firm Amyris Inc. (NASDAQ: AMRS) is clapping back at allegations made by Lavvan Inc. that it committed patent infringment. "Amyris is disappointed that LAVVAN has chosen the public domain to articulate its position," Amyris CEO John Melo said in a statement Friday. "...
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McDonald's Suing Former CEO Puts All Executives On Notice
Tuesday, August 11, 2020 - 3:25pm | 325Read More...Mcdonald's Corp (NYSE: MCD) is suing its ex-CEO, Steve Easterbrook, for allegedly lying about relationships with workers. Unacceptable Behavior: Easterbrook was believed to have engaged in a non-physical but sexual relationship with an employee through texting and video calls. An...
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Novartis Settles $678M Fraud Lawsuit Alleging It Bribed Doctors At Company Speaker Events
Thursday, July 2, 2020 - 6:00am | 443Read More...Novartis AG (NYSE: NVS) has reached a $678 million settlement in a civil fraud lawsuit that alleged the company bribed doctors at speaker events it organized. What Happened The agreement was made with the U.S. Attorney’s Office for the Southern District of New York, the New York State...
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Why SmileDirectClub Is Suing NBCUniversal For $2.8B
Monday, May 18, 2020 - 8:35pm | 371Read More...SmileDirectClub Inc (NASDAQ: SDC) said Monday afternoon it's seeking approximately $2.8 billion in damages from Comcast Corporation's (NASDAQ: CMCSA) NBCUniversal. What Happened At NBC News At the heart of the lawsuit is NBC's Feb. 13 episode of "Nightly News", which...
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LA Businessman Guilty In $1 Billion Biodiesel Tax Scam
Tuesday, March 17, 2020 - 3:42pm | 556Read More...A federal jury in Salt Lake City on Monday convicted a Los Angeles businessman on criminal charges related to a $1 billion renewable fuel tax credit fraud scam, according to the U.S. Justice Department. Lev Aslan Dermen, also known as Levon Termendzhyan, was found guilty on multiple charges of...
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Singaporean Tanker Operator Pleads Guilty To Oily Bilge Dumping
Thursday, February 27, 2020 - 10:13am | 252Read More...The U.S. Department of Justice said in a press release on February 26 that a Singapore-based tanker operator pleaded guilty in a northern California district court to illegally dumping oil bilge into the sea. According to the department, Unix Line PTE Ltd.'s 16,408 gross-ton tanker, Zao Galaxy,...
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California Schools Sue Juul For Targeting Minors, As Survey Shows Increased Vaping Among Teenagers
Wednesday, December 18, 2019 - 4:13am | 412Read More...San Fransisco-based Juul Labs Inc. is facing separate lawsuits filed by five California school districts on Tuesday, Axios reported. What Happened The lawsuits filed in San Fransisco's federal district seek damages, alleging that Juul specifically targeted teenagers in the advertisements for...
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Whistleblower Suit Alleges Navistar Forged Military Vehicle Invoices
Wednesday, December 4, 2019 - 10:00am | 538Read More...A federal judge unsealed a 6-year-old whistleblower suit against Navistar Defense LLC and Navistar International Corp. (NYSE: NAV) that seeks at least $1.28 billion in damages over allegedly forged invoices for military vehicles and components. According to the civil suit unsealed Dec. 3, Navistar...
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Union Pacific Sues Texas Town Over 1870s-Era Jobs Promise
Monday, December 2, 2019 - 4:34pm | 627Read More...Union Pacific (NYSE: UNP) is suing the city of Palestine, Texas, to nullify a 150-year-old contract to keep a certain number of jobs in the town indefinitely. The agreement between Union Pacific and Palestine — which was signed in 1872 — dates back to the days when the city was at the crossroads...
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Former Trucking Employee Pleads Guilty In Elaborate Wire Fraud Scheme
Friday, November 29, 2019 - 9:25am | 388Read More...A former office manager of an Indiana trucking company pleaded guilty to one count of wire fraud in federal court on Nov. 22, admitting she orchestrated an elaborate money transfer scheme to defraud the company out of nearly $382,000. Tracy Cox, 51, of Hammond, Indiana, admitted to approving more...
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Apple Dinged $466,912 For US Sanctions Violations
Tuesday, November 26, 2019 - 10:01am | 502Read More...Apple Inc (NASDAQ: AAPL) on Nov. 25 entered an agreement with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) to pay a $466,912 civil penalty to settle violations of the Foreign Narcotics Kingpin Sanctions Regulations. Between Feb. 24, 2015, and May 9, 2017, Apple conducted...
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US Fines Shipbuilder Over $75 Million In Bribe Scheme
Monday, November 25, 2019 - 2:49pm | 446Read More...One of the world's biggest shipbuilding companies agreed to pay $75.5 million to settle an investigation into a bribery scheme involving the sale of a $640 million offshore drilling ship to a Houston-based ship chartering company. The shipbuilder, South Korea-based Samsung Heavy Industries,...
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Former Nuke Material Transport Logistics Exec Guilty Of Bribery
Monday, November 25, 2019 - 1:03pm | 522Read More...The U.S. Justice Department said the former head of a Maryland-based company that specializes in the transportation of nuclear materials was found guilty in a district court on Nov. 22 of bribing a Russian government official for contracts. After a three-week trial, the court found Mark Lambert,...
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Parents Of Girl Killed In Truck Crash Sue Driver, Motor Carrier
Friday, November 22, 2019 - 10:37am | 294Read More...The parents of a 9-year-old girl killed earlier this year in a tractor-trailer crash on Interstate 95 in Delaware have filed a federal lawsuit against the truck driver and the Memphis-based motor carrier. Linda Asamoah and Patrick Owusu of Newark, Delaware, filed suit in U.S. District Court in...
















