The SEC and other agencies are concerned about the significant increase in Cyberattacks on financial companies, banks, critical infrastructure companies and others as these attacks from nationstates threaten the security of the United States. In August of last year, the SEC filed a settlement enforcement action against Pearson plc, a London-based public...

The United States Securities and Exchange Commission Office of Investor Education has recommended that all investors check their accounts to determine whether financial information or assets have been stolen. This is because the amount of cyrber attacks and cyber penetration has increased substantially in the past...

The Florida Birth-Related Neurological Injury Compensation Plan and its administrator, the Florida Birth-Related Neurological Injury Compensation Association (collectively, “NICA”), have agreed to pay $51 million to resolve allegations that they violated the False Claims Act by causing NICA participants to submit their healthcare claims to Medicaid rather...

We’re pleased to announce that RGE Motor Direct Inc. (RGE), a California-based importer and reseller of Chinese furniture and other merchandise, has agreed to pay $3.25 million to resolve customs fraud allegations arising from a False Claims Act qui tam lawsuit Newman & Shapiro filed in June 2021 on behalf...

A scheme of fraudulent billing has been revealed concerning a chiropractor in Kansas, Timothy Warren and his company Titan. Warren promoted himself to medical providers as a medical reimbursement consultant and said his company was a compliance consulting firm. This case is just...

After losing a motion to compel production of a key document, the U.S. Attorney’s Office in Vermont nevertheless has managed to notch another large False Claims Act settlement with an electronic health record (“EHR”) company. On November 1, 2022, that office announced that Modernizing Medicine, Inc. (“ModMed”), a...

The Ukrainian Task Force on Freezing and Confiscating Assets of those involved in Russia's war on Ukraine, has established a whistleblower program allowing persons with information on the assets of persons, companies or countries helping Russia to submit the information into the portal. They are seeking the property of war criminals and...

The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue...

A settlement involving resulting in a $6.8 million settlement stemmed from a case filed in the U.S. District Court for the Northern District of Georgia by a former accountant for DermaTran, under the qui tam, or whistleblower provisions, of the False Claims Act. United States ex rel....

The Securities and Exchange Commission has passed new rules requiring detailed electronic recordkeeping, prompt production of records, and third-party recordkeeping service requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and major security-based swap participants (MSBSPs). The SEC’s broker-dealer electronic recordkeeping rule currently requires firms to preserve electronic...