Whistleblower Group
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October 2, 2015
Constantine Cannon announces $1.86 billion settlement of In Re: Credit Default Swaps Antitrust Litigation, one of the largest private settlements related to the financial crisis, and for which the firm represented the lead class plaintiff, the Los Angeles County Employees Retirement Association. Click here for more.In Their Own Words — Lamprey
Posted 10/2/15
— “We are gratified to see the interests of participants in the CDS market – including public pension funds investing on behalf of retirees – vindicated, and competition in this important market fostered.”
Wayne Lamprey, partner at Constantine Cannon, who, along with fellow partner Anne Hayes Hartman, assisted with the initial evaluation and filing of the claim in the credit-default swaps market case...DOJ Catch of the Week -- L-3 Communications
Posted 10/2/15
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to L-3 Communications Corporation and its affiliated entities Vertex Aerospace LLC and L-3 Communications Integrated Systems LP. On Monday, the government defense contractor agreed to pay $4.63 million to resolve allegations it inflated labor hours for time spent by independent contractors at the military’s...
Whistleblower News From The Inside — October 2, 2015
Posted 10/2/15
By the C|C Whistleblower Lawyer Team
JPMorgan to pay a third of $1.86B swaps settlement -- JPMorgan Chase & Co is set to pay almost a third of a $1.86 billion settlement to resolve claims that a dozen big banks conspired to limit competition in the credit-default swaps market, with Morgan Stanley, Barclays Plc and Goldman Sachs Group paying about $230 million, $175 million and $164 million, respectively. Read More$1.86 Billion Dollar Credit Default Swaps Settlement: One of the Largest Since the Financial Crisis
Posted 10/2/15
Constantine Cannon LLP is pleased to announce a $1.86 billion settlement of In Re: Credit Default Swaps Antitrust Litigation, a major class action lawsuit. The case alleged that 11 of the world’s largest banks conspired to restrain competition in the credit default (CDS) market. See yesterday's Wall Street Journal report. Constantine Cannon LLP served as one of the counsel for Los Angeles County Employees...
In Their Own Words - Chaffetz
Posted 10/1/15
-- “Certain Lines Should Never Be Crossed. The Unauthorized Access And Distribution Of My Personal Information Crossed That Line. It Was A Tactic Designed To Intimidate And Embarrass Me And Frankly, It Is Intimidating.”
Representative Jason Chaffetz commenting on the actions of several Secret Service employees and the leak of his personnel file.CFTC Announces Second Whistleblower Award
Posted 10/1/15
By the C|C Whistleblower Lawyer Team
The CFTC announced its second ever whistleblower award yesterday under the agency's Dodd-Frank whistleblower program. The anonymous whistleblower will receive roughly $290,000 for reporting information about violations of the Commodity Exchange Act that led to an enforcement action. This award follows nearly a year and a half after the CFTC announced its first...
Should Britain’s National Health Service (NHS) Be Doing More to Counter Fraud?
Posted 10/1/15
By Richard Pike and Yulia Tosheva
As mentioned in one of our Whistleblower Insider daily updates, the accountants PKF Littlejohn got a lot of press coverage in the UK this week for a report suggesting that the NHS may be losing as much as £5.74 billion per year to fraud. Such a big number obviously provokes a reaction but what can we really conclude about fraud in the NHS and the measures taken to address...
Whistleblower News From The Inside — October 1, 2015
Posted 10/1/15
By the C|C Whistleblower Lawyer Team
Secret Service leaks file on Congressman after he criticizes agency – Homeland Security’s watchdog said that several Secret Service employees accessed Representative Jason Chaffetz’s restricted personnel file, and at least one person leaked information about it, after he criticized the agency for misconduct and security flubs. Washington Post
HSBC whistleblower...