By Jeffrey A. Newman, Esq. MBA
Joseph Sanberg, co-founder and former board member of Aspiration Partners Inc., a financial technology and sustainability services company, was sentenced yesterday to 14 years in prison for a five-year scheme to defraud multiple lenders and investors of at least $248 million. According to...
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Category: Whistleblower Cases
Jeff Newman Law Announces $7.9 Million False Claims Act Settlement with Pharmaceutical Company Akorn Operating Company LLC
We’re pleased to announce that pharmaceutical company Akorn Operating Company LLC (Akorn) has agreed to pay $7.9 million to resolve allegations arising from a False Claims Act qui tam lawsuit Jeff Newman Law filed in June 2021 on behalf of its whistleblower client, Albermarle, LLC (Albermarle).
Akorn manufactured and...
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Military vehicles maker Navistar Defense pays $50 million to settle whistleblower False Claims Act case for false sales histories
Military vehicles manufacturer, Navistar Defense LLC (Navistar), will pay $50 million to resolve a whistleblower case in which it was revealed that it fraudulently induced the U.S. Marine Corps to enter into a contract modification at inflated prices for a suspension system for armored vehicles known as Mine-Resistant Ambush Protected vehicles. During...
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SEC awards whistleblower $28 million in Panasonic Avionics Case
The U.S. Securities and Exchange Commission said it awarded more than $28 million to a whistleblower whose tip helped them and the Justice Department launch investigations that led to bribery charges against a U.S. subsidiary of Japanese electronics company APanasonic Corp. and former executives. Lawyers representing the whistleblower said the award was connected to...
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Securities and Exchange Commission awards $22 million to two whistleblowers for revealing securities violations
The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm.
The first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award. The larger award...
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Physician blows whistle on Dignity Health hospital system and neurosurgical group in surgeries by inexperienced medical students
An anesthesiologist and member of the medical staff at Dignity Health, d/b/a St. Joseph’s Hospital, brought a False Claims Act qui tam lawsuit against the hospital and Neurosurgical Associates, LTD,...
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Under Armour pays $9 million to end charges is misled investors about sales growth to meet analysts’ revenue targets
Under Armour will pay $9 million to settle...
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Bristol-Myers Squibb Pays $75 Million to settle False Claims Act case on underpayment of drug rebates owed through medicaid
Bristol-Myers Squibb (“BMS”) will pay the United States and participating states $75 Million, plus interest, to settle a case alleging it knowingly underpaid rebates owed under the Medicaid Drug Rebate Program. Of...
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Large visa fraud scheme results in two companies and nine individuals being indicted including charges for harboring or transporting aliens
An indictment was returned by a federal grand jury in the Southern District of Georgia charging two businesses and nine of their officers and managers located across the country for their roles in an alleged conspiracy to defraud the U.S. government and commit various...
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Federal appeals court affirms $111 million jury award to Government in whistleblower case for kickbacks by blood testing diagnostic laboratories
A federal jury has awarded the Government $111 million against two blood testing labs and their sales consultants were hit with a $111 million for knowing and willful violations of the Antikickback statute and False Claims Act (31 U.S.C. § 3729) (FCA). Blood testing labs Health Diagnostic Laboratory (HDL) and Singulex entered into exclusive...
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