It was a busy week for Department of Justice (DOJ) fraud enforcement with the agency resolving several False Claims Act matters covering a wide range of fraud and misconduct. The False Claims Act was enacted during the Civil War to go after war profiteers trying to defraud the Union Army with [...]
Legal and Regulatory Developments SPOTLIGHT: Britain Seeks to Rein in Mastercard and Visa Fees on Retailers Reuters – May 21, 2024 There is little evidence that big fee hikes imposed by U.S. duo Visa and Mastercard on retailers have led to a major improvement in service, Britain’s Payment Systems Regulator [...]
Last Friday (May 17), the Department of Justice (DOJ) announced that the Cleveland Clinic Foundation will pay $7.6 million to settle charges of violating the False Claims Act by improperly securing several grants from the National Institutes of Health. It is the latest in a string of DOJ enforcement actions [...]
The DOJ recently announced that Massachusetts-based Cape Cod Hospital agreed to pay $24.3 million and enter into a corporate integrity agreement to settle a False Claims Act case concerning Medicare claims for certain cardiac procedures. The cardiac procedures at issue, transcatheter aortic valve replacements (“TAVR”), involve replacing a diseased aortic [...]
As reported in Forbes last week (May 16), both the House and Senate recently passed the Federal Aviation Administration (FAA) Reauthorization Act of 2024, which among other things adds three provisions aimed at strengthening the protections for FAA whistleblowers. One of them would introduce a regular “peer review” of FAA [...]
Constantine Cannon partner Gordon Schnell quoted in Forbes on new legislation aimed at further protecting FAA whistleblowers. FAA Reauthorization Act Adds Peer Review Of Whistleblower Protections Read May 16, 2024 at constantinecannon.com
Legal and Regulatory Developments SPOTLIGHT: Merchants and Banks Prepare for Battle Over the Fed’s Proposed Debit Adjustments Digital Transactions News – May 14, 2024 The National Retail Federation and the Merchants Payments Coalition have lined up against the Federal Reserve, arguing that while a rate reduction on debit card transactions [...]
This week’s Department of Justice (DOJ) Catch of the Week goes to bankrupt financial technology company Kabbage Inc. (doing business as KServicing). On Monday (May 13), DOJ announced that the company agreed to pay up to $120 million to settle charges it violated the False Claims Act by improperly securing [...]
Here are some of the developments in antitrust news this past week that we found interesting and are following. Japan’s Nippon Steel sticks to plan to close U.S. Steel deal by year-end. Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to [...]
The debates about the potential advantages and dangers of artificial intelligence (“AI”) rage, but for whistleblowers and their attorneys there are some notable advantages. To help identify and build a strong case, AI can provide efficient analysis of large amounts of data, identifying connections and deviations that might suggest wrongdoing. [...]
