United States prosecutors are investigating State Street Corp's foreign exchange trades, the bank admitted Monday. In addition, the New York state attorney general has also made inquiries into the foreign exchange issues. The issue is the prices that custody banks have charged on so called non-negotiated trades, typically forex transactions less than one...

Armor Group North America Inc. (AGNA) and its affiliates have paid the United States $7.5 million to resolve allegations that AGNA submitted false claims for payment on a State Department contract to provide armed guard services at the U.S. Embassy in Kabul,Afghanistan, U.S. Attorney Ronald C. Machen Jr. and Tony West, Assistant Attorney General...

A whistleblower lawsuit has been leveled against Home Depot by employees of Actus Lend Lease, a partner company of Home Depot, who revealed that both companies supplied goods to U.S. government agencies through their GSA Schedules which were incorrectly identified as being compliant with the Buy American Act but which were actually made in...

Federal Express will pay $8 million to settle a whistleblower lawsuit which revealed that FedeX continued to use "security delay" codes, established just after the September 11, 2001 World Trade Center attacks, after those security measures at government buildings were relaxed. This resulted in the government and U.S. taxpayers paying for priority overnight service...

The Dartmouth Hitchcock Medical Center will pay more than $2.2 million to resolve a whistleblower False Claims Act case because it improperly billed several federal healthcare programs. The whistleblower, Thomas Predergast MD, a former physician at the medical center will receive over $335,000. He reported that despite federal guidelines permitting doctors to bill for...

DynCorp International LLC and The Sandi Group have agreed to pay $8.9 Million to settle a whistleblower lawsuit for submitting false claims for payment under DynCorp's contract with the Department of State to train civilian police in Iraq. The suit was filed by two former TSG employees under the qui tam provisions of...

Tenet Healthcare has filed a damaging lawsuit in Federal Court in Dallas alleging that CHS has defrauded the Government by over billing Medicare and that CHS should not be allowed to acquire TENET in a takeover bid. CHS, the suit says, could owe the government in excess of $1 Billion for misbilling and...

Massachusetts will be the recipient of some of the $16.5 to be paid by two New Jersey telephone companies Avaya Inc. and CIT Group Inc for supplying desktop phone systems to federal and state agencies which did not work because of missing parts. Avaya will pay $13.4 million and CIT Group $3.1 million. The...

John King, a former quality manager at the Florida based DSE Inc. says that he was fired after refusing to approve grenade fuzes.DSE is one of the largest providers of grenades to the U.S. military. King said he feared that the defective grenades might explode prematurely or not at all. King, who filed a...

The U.S. Justice Department is joining a whistleblower lawsuit accusing Wyeth, a division of Pfizer, of marketing Rapamune, a kidney transplant drug, for unapproved uses and for targeting African Americans. The drug was approved for kidney transplant patients but the lawsuit alleges that the Rapamune sales force was directed to promote the drug for...