Legal and Regulatory Developments SPOTLIGHT: U.S. Accuses Visa of Monopoly in Debit Cards The New York Times – September 24, 2024 (subscription may be required) The Justice Department filed an antitrust lawsuit against Visa on Tuesday, accusing the financial giant of unfairly stifling competition in debit cards, the latest in [...]
Yesterday, the DOJ announced Ra Medical Systems, Inc. and two physicians have agreed to collectively pay over $8 million to settle kickback and False Claims Act allegations related to a medical laser marketed for atherectomies to treat peripheral artery disease (PAD). The settlement includes payments from Dr. Elias Kassab of [...]
By Sadie Mayhew In 2016, the media sent shockwaves through the nation when it broke the story of the USA Gymnastics sex abuse scandal. Over 500 athletes bravely disclosed the abuse they faced at the hands of coaches, gym owners, and doctors associated with USAG for over two decades. Disgraced [...]
“The whole idea behind [OceanGate] was to make money, that’s it…there was very little in the way of science” . . . “I didn’t want to lose my job. I wanted to do the Titanic. But to dive it safely. It was on my bucket list, too….” —David Lochridge, former [...]
On Monday (September 23), the Commodity Futures Trading Commission (CFTC) announced four whistleblower awards under the CFTCs Whistleblower Program. They are the latest in a string of awards — all relatively modest — the commodities regulator has made since the Spring. This includes awards made on August 30 ($4 million); [...]
Yesterday, the DOJ announced that James B. Nutter & Company, a former mortgage lender from Kansas City, Missouri, agreed to pay $2.4 million to settle allegations it violated the False Claims Act by knowingly underwriting Home Equity Conversion Mortgages (HECM) that did not meet eligibility requirements. The HECM program is [...]
Legal and Regulatory Developments SPOTLIGHT: The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law Digital Transactions News – September 19, 2024 The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. [...]
The DOJ announced Dunes Surgical Hospital in South Dakota and United Surgical Partners International (USPI) and its subsidiary, USP Siouxland, have agreed to pay $12.7 million to settle a False Claims Act case alleging the hospital engaged in illegal financial relationships with two physician groups. These arrangements spanned from 2014 [...]
Walgreens has agreed to pay $106.8 million to settle false claims allegations that between 2009 and 2020 it billed government healthcare programs, including Medicare and Medicaid, for prescriptions that it never dispensed because they were not picked up by patients. The government alleged that Walgreens received tens of millions of [...]
The Research Foundation of the State University of New York (RFSUNY) has agreed to pay $313,574 to settle allegations that a SUNY at Albany (UAlbany) research scientist failed to disclose affiliations with and support from a foreign government while receiving federal research grants. The settlement addresses claims that Dr. Qilong [...]