Whistleblower Group

DOJ Catch of the Week — PharMerica Corp.

By the C|C Whistleblower Lawyer Team This week's Department of Justice "Catch of the Week" goes to Kentucky-based PharMerica Corp.  On Wednesday, the nation’s second-largest nursing home pharmacy agreed to pay $9.25 million to resolve allegations it violated the False Claims Act by soliciting and receiving kickbacks from pharmaceutical manufacturer Abbott Laboratories in exchange for promoting the anti-epileptic...

In Their Own Words — Emanuel

-- “I am saddened and disappointed to learn about the criminal activity that led to today’s indictment of Barbara Byrd-Bennett…our students, parents, teachers and principals deserve better.”

Chicago Mayor Rahm Emanuel commenting on the bribery scandal involving the former head of Chicago Public Schools.  Click here for more.

A Step in the Right Direction for UK Whistleblowers: Financial Services Regulator Requires Whistleblowing Arrangements Be Beefed Up

By Richard Pike As we announced earlier this week, the UK’s Financial Conduct Authority (FCA) has imposed new rules to promote whistleblowing. This post discusses the new requirements and identifies some shortcomings. Readers outside the UK will need some background to put the new rules in context. The existing whistleblower regime in the UK does not go down the US route of providing financial rewards for...

Whistleblower News From The Inside — October 9, 2015

By the C|C Whistleblower Lawyer Team Ex-Chicago schools head to plead guilty to fraud -- A former head of Chicago Public Schools plans to plead guilty to planning a scheme to take hundreds of thousands of dollars, airfare, meals and baseball tickets in exchange for steering more than $23 million in contracts to her former employer.  NYT Pharmacy owner sentenced to 46 months in prison for Medicare fraud --...

In Their Own Words -- Ceresney

-- “Full transparency of fees and conflicts of interest is critical in the private equity industry and we will continue taking action against advisers that do not adequately disclose their fees and expenses, as Blackstone did here.”

Andrew J. Ceresney, Director of the SEC’s Division of Enforcement. Click here for more.

New Campaign Aimed at Wall Street Whistleblowers

By Marlene Koury A new whistleblower platform and campaign was launched this week in hopes of encouraging banking and financial sector employees to blow the whistle on unfair practices and corruption.  The campaign -- Whistleblow Wall Street – will include billboards on Wall Street, along with a leaflet campaign in New York, Washington D.C., St. Louis, and Orlando. The campaign aims to connect with anyone...

SEC Enforcement Spotlight – Bristol-Myers Squibb pays over $14 million to settle FCPA charges

New York-based pharmaceutical company Bristol-Myers Squibb (BMS) will pay more than $14 million to settle SEC findings that it violated the Foreign Corrupt Practices Act (FCPA).  According to the SEC’s order instituting settled administrative proceedings, between  2009 and 2014, sales representatives of BMS China sales sought to secure and increase business by providing health care providers in China with...

Whistleblower News From The Inside -- October 8, 2015

By the C|C Whistleblower Lawyer Team Senate Banking Committee ranking member wants more information on big bank settlements – Sherrod Brown of Ohio has asked banks to provide details of settlement and agreements they have reached with 15 federal agencies, including DOJ and the SEC, since 2005. Brown wants information on compliance procedures, amount of legal fees paid, sanctions imposed, and any non-public...