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Whistleblower News From The Inside -- July 17, 2015

Posted  July 17, 2015

By the C|C Whistleblower Lawyer Team

SEC makes $3m whistleblower award —The SEC today announced a whistleblower award of more than $3 million – the third highest award to date — to a company insider whose information helped the SEC crack a complex fraud.  SEC

Pfizer announces it will shutter India plant, echoing same news from Sandoz —  Pfizer announces it will close a plant in India later this year less than a week after Novartis announced that its Sandoz generics unit would close a plant in India at the end of 2016. Fierce Pharma

Three banks reach resolutions under Swiss Bank Program –The DOJ announced that Mercantil Bank (Schweiz) AG, Banque Cantonale Neuchâteloise and Nidwaldner Kantonalbank have reached resolutions under the department’s Swiss Bank Program.   DOJ

A tiny bank’s surreal trip through fraud prosecution –Despite bank officials uncovering the fraud, firing the mastermind, and investigating and reporting the fraud to regulators, it was under indictment by a grand jury shortly after reporting.   NYT

U.S. sports exec in plea talks in FIFA corruption case –A sports marketing executive who was indicted along with 13 other people in a U.S. corruption case that has rocked the soccer world has been discussing a plea deal with prosecutors. Reuters

Brazil ex-president Lula da Silva in corruption probe –The inquiry centers on whether Mr. Lula had used his connections overseas improperly to help the Brazilian construction giant, Oderbrecht.  BBC