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Novartis Settles $678M Fraud Lawsuit Alleging It Bribed Doctors At Company Speaker Events
Thursday, July 2, 2020 - 6:00am | 443Read More...Novartis AG (NYSE: NVS) has reached a $678 million settlement in a civil fraud lawsuit that alleged the company bribed doctors at speaker events it organized. What Happened The agreement was made with the U.S. Attorney’s Office for the Southern District of New York, the New York State...
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DOJ Emphasizes Business Cooperation For Export Penalty Mitigation
Monday, December 16, 2019 - 3:14pm | 518Read More...The U.S. Justice Department (DOJ) has updated its 2016 policy to encourage companies to voluntarily self-disclose export control and sanctions violations to the department. The department said the revised Export Controls and Sanctions Enforcement Policy for Business Organizations signals its "...
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Mnuchin Defends DOJ Antitrust Probe, Confirms Trip To China
Wednesday, July 24, 2019 - 10:20am | 345Read More...The U.S. Department of Justice is "absolutely right" to initiated investigations into big tech companies, U.S. Treasury Secretary Steven Mnuchin said in a CNBC interview Wednesday. 'No Question' The Department of Justice confirmed it will undertake a wide waging review of big tech...
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Gordon Johnson: With 90-95% Conviction Rate, The DoJ's Tesla Investigation Is 'Concerning For All Those Long The Stock'
Wednesday, September 19, 2018 - 1:53pm | 547Read More...The simultaneous civil and criminal investigations of Tesla, Inc. (NASDAQ: TSLA) are far more serious than Street chatter indicates, according to Gordon Johnson. The Analyst The Vertical Group managing director discussed the Securities and Exchange Commission and Department of...
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SEC, DOJ Investigations Weigh On OSI Systems Valuation, Jefferies Says In Downgrade
Friday, February 2, 2018 - 2:57pm | 380Read More...OSI Systems, Inc. (NASDAQ: OSIS), a provider of security and inspection systems, disclosed in a recent 8-K filing that the SEC and DOJ are both investigating the trading of its securities. The disclosure was made following the release of its fiscal year 2018 second-quarter results after the close...
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AT&T Resists DOJ Order To Divest Time Warner's CNN For Merger Approval
Wednesday, November 8, 2017 - 3:37pm | 412Read More...What Happened: AT&T Inc. (NYSE: T) is preparing to resist Justice Department orders to divest Time Warner Inc (NYSE: TWX)’s CNN at the risk of forfeiting approval for its $84.5 billion merger. "AT&T has been told by the US Department of Justice that it needs to sell CNN" to...
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DOJ Seeks IP Addresses, Emails Of Visitors To Website Organizing Anti-Trump Demonstrations
Tuesday, August 15, 2017 - 9:50am | 457Read More...In a case with potential First Amendment repercussions, the U.S. Department of Justice is demanding the IP addresses of people who visited a website that helps organize protests against President Donald Trump, according to the hosting domain. The hosting domain Dreamhost said in a blog post that it...
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Cogint Denies Allegations Found In Short Report Saying Company Insiders Have Come Under Federal Investigation
Monday, June 5, 2017 - 3:57pm | 694Read More...Unemon Research is back with another scoop. The contrarian and Seeking Alpha contributor who previously exposed fraud in the Chinese firm L&L Energy, Inc. has found a new target in Cogint, Inc. (NASDAQ: COGT). “Based on my analysis of the facts, I see Cogint ... as just another blatant...
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All Smoke, No Fire? Trump Officials Threaten Changes In Work Visas For Foreigners
Tuesday, April 4, 2017 - 10:43am | 687Read More...Vowing to make good on a threat that has worried tech firms, the Trump administration has announced steps to make it tougher for foreigners with “computer-related” skills to find work in the United States, rescinding the current, more liberal rules. But the moves still fall short of the...
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Western Union Admits Violating Money-Laundering Laws In $586 Million FTC Settlement
Thursday, January 19, 2017 - 2:32pm | 395Read More...The Western Union Company (NYSE: WU) shares halted and subsequently plummeted Thursday upon news of a $586 million settlement with the Department of Justice and Federal Trade Commission. Susquehanna analysts said the settlement had long been expected, and Western Union had accrued more than $15...
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DoJ Investigation Remains A Key Risk To Universal Health Services
Thursday, December 8, 2016 - 3:33pm | 334Read More...Following the release of an investigative article by BuzzFeed criticizing Universal Health Services, Inc. (NYSE: UHS)'s behavioral admissions policies, Credit Suisse revisited an ongoing Department of Justice investigation. The firm believes it remains a key risk to the shares of the company,...
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Deutsche Bank To Pay $9.5 Million SEC Fine As DoJ Settlement Remains Unsettled
Thursday, October 13, 2016 - 3:15pm | 334Read More...Deutsche Bank AG (USA) (NYSE: DB) has agreed to pay a $9.5 million penalty for failing to safeguard material nonpublic information generated by its research analysts, according to the SEC. During the SEC investigation, the German bank also published an improper research report and failed to provide...
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U.S. DoJ Seeking Twice The Amount Deutsche Bank Provisioned For Settlement
Wednesday, September 28, 2016 - 11:28am | 432Read More...In a research note released Wednesday, Goldman Sachs noted thatDeutsche Bank AG (USA) (NYSE: DB) has reportedly provisioned a much smaller amount for settling the U.S. RMBS investigations. The company reportedly was considering $2 billion to $3 billion as a reasonable amount as opposed to the $14...
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Investors Might Be Overreacting To DoJ's Prisons Announcement
Thursday, August 18, 2016 - 3:50pm | 329Read More...The U.S. Department of Justice announced it would be gradually moving away from the use of private prisons. Public companies that own private prisons with government contracts took a large blow on Thursday. But was the plummet an overreaction? Related Link: Prison Stocks Rocked As DoJ...
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Aetna's Withdrawal From Obamacare Linked To DOJ's Issues With Humana Acquisition
Wednesday, August 17, 2016 - 4:50pm | 618Read More...On Monday, Aetna Inc (NYSE: AET) announced it was substantially reducing its presence on the individual exchanges next year. The insurer said it would stop offering policies on the public exchanges in 11 of the 15 states where it currently operates, only continuing to sell Affordable Care Act...
