Legal and Regulatory Developments SPOTLIGHT: Visa, Mastercard Swipe Fee Deal Fails to Stem More Litigation Bloomberg Law – March 28, 2024 (subscription may be required) Visa Inc. and Mastercard Inc.’s $30 billion swipe fee settlement with merchants provides only temporary relief for US businesses and won’t stop additional litigation against [...]
The United States has fallen off the top twenty countries listed in The World Happiness Report (“WHR”). According to the WHR, Finland remains the world’s happiest country, and fellow Nordic countries like Denmark, Iceland, Sweden and Norway remain in the top 10. The WHR report, which is a partnership with Gallup, the Oxford [...]
Constantine Cannon represented a whistleblower in an Illinois False Claims Act case alleging eight of the nation’s largest banks – including Bank of America, Barclays, Citigroup, JPMorgan Chase, Morgan Stanley, Fifth Third, BMO, and William Blair – engaged in widespread fraud and collusion in the fees they charged and the [...]
The Constantine Cannon whistleblower team is pleased to announce a $70 million settlement for its client Edelweiss Fund LLC in a whistleblower lawsuit against eight of the nation’s largest banks, making it the largest reported settlement ever under the Illinois False Claims Act. Constantine Cannon originally filed the action in [...]
Constantine Cannon whistleblower partner Gordon Schnell published in The Hill on the Supreme Court’s recent decision in Murray v. UBS and why companies would be wise to support their whistleblowers. Read The Supreme Court sent a message to corporate America about whistleblowers at constantinecannon.com
Constantine Cannon whistleblower partner Gordon Schnell was published in The Hill on the Supreme Court’s recent decision in Murray v. UBS and why companies would be wise to support their whistleblowers. (March 12, 2024) Read The Supreme Court sent a message to corporate America about whistleblowers at constantinecannon.com
In the keynote speech she gave yesterday (March 7) at the American Bar Association’s National Institute on White Collar Crime, Deputy Attorney General Lisa Monaco announced a pilot program that could dramatically change the landscape of whistleblower rewards going forward. Harking back to the days of “Wanted” posters used to [...]
Legal and Regulatory Developments SPOTLIGHT: Taking the Measure of Click to Cancel Digital Transactions Magazine – March 1, 2024 Faced with a proposal to make it easier to stop a subscription, payments companies and subscription specialists have much to ponder. Everyone dreads the inevitable sales pitch that comes when trying to [...]
The government has increased its scrutiny of PE firms and other investors in healthcare companies. Yesterday, the government announced a joint effort between the Department of Justice (DOJ), the Federal Trade Commission (FTC), and the Department of Health and Human Services (HHS), to inquire into “private-equity and other corporations’ increasing [...]
Last Friday (March 1), the Department of Justice (DOJ) announced that Swiss-based international commodities trading company Gunvor S.A. pleaded guilty and agreed to pay roughly $661 million to settle charges of violating the Foreign Corrupt Practices Act (FCPA). The DOJ’s action stemmed from Gunvor’s scheme to bribe Ecuadorean officials to [...]