A great piece in the Wall Street Journal today discusses the dedicated efforts of a Mr. Harry Markopolos in trying to alert the Securities and Exchange Commission to the Bernard Madoff ponzi scheme as early as 2000.
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The following information comes courtesy of David Laufman at Kelley Drye:
On Friday, a new mandatory disclosure rule took effect that dramatically alters the legal dynamic between government contractors and federal agencies.
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Regular Ethisphere readers are aware of a number of issues that have affected Johnson & Johnson in the past, namely the (still ongoing) problems with their Ortho Evra birth control patch. Along those lines, Bloomberg published an interesting story claiming that Johnson & Johnson has paid - at a minimum - $68.7 million in [...]
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An amusing story in the Times Online this week reports that uber-advertising company WPP and its former Italian director, Marco Benatti, have privately settled an ongoing dispute involving libel, wrongful termination and interoffice romance.
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Two journalists who were arrested last May after reporting on corruption within the Vietnamese government are set to go on trial next week. The two reporters, Nguyen Van Hai and Nguyen Viet Chien, are charged with “abusing freedom and democracy,”
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The European Commission announced on Wednesday that it had levied the fourth largest fine against a cartel in the history of the EU. This time, it came out to €676 million and went against the wax industry.
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Cephalon agreed to pay $425 million on Monday in order to settle criminal and civil charges filed against the company for the way it marketed three of its drugs - Actiq (a painkiller), Gabitril (an epilepsy drug) and Provigil (a sleeping drug), according to
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Just in case you forgot that the U.S. government applies the FCPA to foreign companies that operate within the United States, here is a reminder.
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Two NASCAR officials have been fired as part of an ongoing, $225 million, racial and sexual discrimination lawsuit. The two employees, Tom Knox and Bud Moore, are accused by Mauricia Grant of “exposing themselves to her, and making graphic and lewd jokes,” according to
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The ongoing Alstom bribery probe has already expanded to at least four continents and possibly uncovered hundreds of millions of dollars in bribes, but insult was added to injury when Swiss prosecutors announced that Alstom’s former compliance officer was arrested for operating a slush fund
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The U.S. Department of Justice announced new Departmental guidelines today that repeal restrictions to attorney-client privilege between corporations and their employees embroiled in federal cases. These new guidelines will
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Twenty executives from the Egyptian cement industry were fined $1.87 million each after being found guilty of
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China knocked the United Kingdom out of the top five countries considered most attractive for investment in renewable energy, according to a quarterly report released by Ernst & Young. In fact, the two countries
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According to a new joint study from Stanford University and the University of California Santa Barbara, 97 percent of recent MBA grads are willing to chop $15,000 a year off their starting salary if their
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Saturday marked the commencement of a trial in Southern China for the former president of Guangfa Securities, China’s sixth largest stock brokerage firm, over allegations of insider trading that began in 2006. At that time, Chinese authorities accused
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The sentence came in yesterday for a New York man who plead guilty to sending spam email messages to over 1.2 million AOL users in a way that avoided being noticed by the company’s spam filter. The messages were used by
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An Ohio jury awarded $46.7 million to a former general manager of Republic Services, a waste collection company, after it found he was
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Bangladesh’s Anti-Corruption Commission reported yesterday that it uncovered a number of its own officials taking bribes while on the job, where they were
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Bad news came to McKesson Corp. yesterday in the form of a ruling by U.S. District Judge Patti B. Saris. Judge Saris certified a number of 2005 suits by the New England Carpenters Health Benefits Fund as class action, and allowed them to
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A new report released today in Berlin by Transparency International (TI) ranks 34 countries in regard to their overall corruption-fighting efforts, with some surprising results. The bottom four? Britain, Italy, Japan and Canada. According to TI, the four countries had “practically no investigations or extremely
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Last year, we wrote about insider trading allegations against a number of current and former European Aeronautic Defense & Space (EADS) executives. This has been a huge issue in Europe for quite some time, as EADS is one of the largest defense contractors in the world and the parent of Airbus. The controversy [...]
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Three of the largest internet service providers agreed on Wednesday to block child pornography newsgroups and other related materials from their servers, according to a report by the Associated Press. The three companies
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Yesterday, the U.S. Supreme Court voted unanimously in favor of restricting the whistleblower provisions of the U.S. False Claims Act. Now, the Court ruled, a whistleblower needs to prove that there was more than just a false statement involved in any sort of government fund or contract. Instead, an employee must prove that [...]
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In 2005, Adidas AG sued Collective Brands, Inc., parent company of Payless ShoeSource, for selling shoes that have a triple-striped design similar to that of Adidas’ products. In early May, a federal jury in Oregon awarded Adidas nearly
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Cadbury products will no longer be sold by India’s largest retailer, Future Group, as Future’s chief executive Kishore Biyani has accused the nation’s largest chocolate manufacturer of price discrimination. He has accused Cadbury of cutting
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