Appeals court rules that some False Claims Act cases may be covered by insurance in anti-kickback case

The Seventh Circuit Court of Appeals has affirmed a $10 million in insurance coverage for a False Claims Act (FCA) settlement in in which there were allegations of the Anti-Kickback Statute violations. Astellas US Holding, Inc. v. Federal Insurance Companyhttps://media.ca7.uscourts.gov/cgi-bin/OpinionsWeb/processWebInputExternal.pl?Submit=Display&Path=Y2023/D05-03/C:21-3075:J:Hamilton:aut:T:fnOp:N:3039931:S:0 is about an investigation into whether a pharmaceutical manufacturer’s sponsorship of patient assistance...
Continue reading…

Skincare company Murad to pay $3.3 Million to settle allegations of Iran sanction violations for eight years

A skincare company Murad founded by dermatologist Howard Murad, has agreed to pay about $3.3 million to settle allegations that it conspired to export goods and services to Iran, in violation of U.S. sanctions on the country. The OFAC web notice can be viewed here: https://ofac.treasury.gov/media/931761/download?inlineAccording to the U.S. Treasury...
Continue reading…

DOJ investigates Binance for Russia Sanction Violations

Federal authorities are reportedly probing whether cryptocurrency exchange Binance violated U.S. sanctions against Russia.The U.S. Justice Department’s investigation centers on whether the company was used to allow Russians to avoid the sanctions. according to Bloomberg news. Bloomberg said Binance has been in discussions with...
Continue reading…