Whistleblower News From The Inside — October 29, 2015
By the C|C Whistleblower Lawyer Team
Canadian market watchdog proposes whistleblower bounties – “A top Canadian securities regulator on Wednesday said it wants to pay whistleblowers up to CA$5 million ($3.8 million) for high-impact tips about securities fraud and other misconduct in Ontario, marking the first equivalent of a Wall Street bounty program in the Great White North.” Law360
Industries clash over 340B ‘mega-guidance’ – “Hospitals and drugmakers are jockeying to influence recent ‘mega-guidance’ that will shape the 340B drug discount program and affect billions of dollars in savings for health care providers.” Law360
U.S. settles case against Broward Health for millions less than it lost in alleged fraud – Analysis by FloridaBulldog of 1.7 million documents released to the news organization by hospital system Broward Health shows the system’s $69.5 million settlement with DOJ was less than the system’s own calculation of damages. FloridaBulldog
SEC bars brokers who played favorites to double their commissions – Two former traders barred for defrauding customers by using their order information to advice longtime customers to trade ahead of these orders. SEC
All eyes on DOJ as Novartis FCA deal takes shape – “Novartis AG’s tentative settlement Tuesday of kickback allegations for $390 million marked yet another huge False Claims Act payout that wasn’t accompanied by punishment for individuals, and any final deal could indicate how aggressively the U.S. Department of Justice will enforce its threats to prosecute Big Pharma management for fraud.” Law360
NWC proposes anonymous wildlife whistleblower system – The National Whistleblower Center’s proposal for a “secured internet wildlife crime reporting system” to the 2015 Wildlife Crime Tech Challenge is now eligible for voting in the “People’s Choice Award.” Whistleblower Protection Blog
Report warns little oversight, secret spending allows for corruption in Mideast militaries – Report by London-based Transparency International finds the ever-growing, secret defense budgets and poor oversight of militaries in the Middle East make them susceptible to corruption and more vulnerable to extremist violence. U.S. News & World Report