The Federal Trade Commission released its consumer-reported fraud data for 2023, showing consumer losses rocketed to a new high–over $10 billion, with nearly half of that being lost to investment scams. Deploying the usual targeting methods—email, phone calls, and text messages—fraudsters convinced consumers to dump their cash into fake investment [...]
“At the California Department of Justice, we believe that the healthcare system should serve patients. Yet, too often, private equity has served corporate profiteers by maximizing their profits at the expense of access, quality, and affordability of healthcare for Californians.” California Attorney General Rob Bonta’s statement concerning recent legislation (AB [...]
Here are some of the developments in antitrust news this past week that we found interesting and are following. On the Ground of Biden’s Antitrust Agenda. Big deals are waiting on the tarmac as Wall Street and the business world anticipate how the presidential election will change antitrust enforcement. [...]
Yesterday (February 15), the Commodity Futures Trading Commission (CFTC) named Brian Young as the new director of the CFTC’s Whistleblower Office. In doing so, the agency officially filled the vacancy left when former director Chris Ehrman stepped down in July. Mr. Young has big shoes to fill as under Director [...]
This week’s Department of Justice (DOJ) Catch of the Week goes to Lincare, Inc., a durable medical equipment supplier with locations throughout the country. Yesterday (February 15), the company agreed to pay $25.5 million to settle DOJ charges of violating the False Claims Act by billing Medicare for the rental [...]
Legal and Regulatory Developments SPOTLIGHT: Senator Calls Card CEOs on Congressional Carpet Payments Dive – February 14, 2024 Sen. Dick Durbin, who has long railed about antitrust issues in the card network industry, told the CEOs of Visa and Mastercard they should show up for an April congressional hearing, and [...]
Constantine Cannon LLP, along with five other leading antitrust and labor law firms, filed a landmark antitrust case in New York federal court today, aimed at exposing what plaintiffs allege to be egregiously anticompetitive collusion that targets teenage players across North America. The class action lawsuit, which names as defendants [...]
With Valentine’s Day upon us, the Commodity Futures Trading Commission (CFTC) last week (February 8) issued an Advisory Alert warning for those seeking romance to tread carefully on dating apps and social media. Especially when it comes to strangers asking for financial support or giving investment advice. The CFTC urged [...]
Whistleblower partner Gordon Schnell quoted in Compliance Week on the broad implications for whistleblowers and employers flowing from the Supreme Court’s decision in Murray v. UBS, which concerned the standard for bringing retaliation claims under the Sarbanes-Oxley Act (subscription required). Read February 12, 2024 at constantinecannon.com
Legal and Regulatory Developments SPOTLIGHT: Lawmakers Clash on CFPB Digital Payment Rule Payments Dive – February 1, 2024 Three Democratic U.S. senators wrote an open letter on Wednesday to Rohit Chopra, director of the Consumer Financial Protection Bureau, expressing support for a proposed rule that would let the bureau oversee [...]
