States Go After 5-Hour Energy for Deceptive Advertising
Posted 07/24/14
By Gordon Schnell
In the ever-expanding market for high-octane energy drinks, 5-Hour Energy has been the standout success story. These two-ounce power surges are purchased 9,000,000 times a week for a total takeaway of more than $1 billion a year for the crafty vendors of this wonder blend, Living Essentials and Innovation Ventures. And it took them only ten years to get there. Sitting proudly and seductively...
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "catch of the week" goes to Citigroup. On Monday, the bank agreed to pay $7 billion to resolve government claims related to Citigroup’s packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS). According to Attorney General Eric Holder, it was the bank's misconduct in this area that...
By Jason Enzler
Congress is opening an investigation of the Commerce Department’s Office of the Inspector General amid allegations that the agency’s watchdog mistreated whistleblowers. The probe is aimed at the very top, with allegations of misconduct focused on the inspector general, himself, Todd Zinser. And all signs point to the investigation going far beyond the OIG’s treatment of whistleblowers to...
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By the C|C Whistleblower Lawyer Team
Astellas Pharma settles whistleblower case – the drug maker will pay over $35 million to resolve allegations that it caused false claims to be submitted to state and federal healthcare programs related to its marketing and promotion of the antifungal drug Mycamine for pediatric use.
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "catch of the week" goes to RE/MAX Allegiance Relocation Services. On Tuesday, the Virginia-based move management company agreed to pay roughly half a million dollars to resolve allegations it violated the False Claims Act by overbilling the government for transportation services. The settlement was the result of a coordinated effort by the...