Yesterday (October 10), the Securities and Exchange Commission (SEC) announced a $12 million award to be shared among three whistleblowers “who provided critical information and assistance in an SEC enforcement action.” The award follows a string of large whistleblower awards in July — August: August 26 ($24 million); August 23 [...]
Legal and Regulatory Developments SPOTLIGHT: Visa Expected to Temper Competitive Moves After DOJ Action Payments Dive – October 3, 2024 Visa’s retail clients and fintech competitors may find their market positions strengthened in the wake of the federal government filing an antitrust lawsuit against the card network last week, industry [...]
A federal grand jury recently indicted eight individuals in connection with an alleged $68 million Medicaid fraud schemeinvolving two adult social day care centers and a home health care intermediary, operating out of Brooklyn, New York. The indictment accuses the defendants of orchestrating a wide-ranging fraud that exploited essential federal [...]
Constantine Cannon whistleblower partner Gordon Schnell quoted in Reuters on the merits and implications of the Florida district court decision on the Constitutionality of the False Claims Act. Legal Fee Tracker: Whistleblower Lawyers Could Lose Big in False Claims Act Fight Read October 4, 2024 at constantinecannon.com
The Constantine Cannon whistleblower team is thrilled to share with you the First-Place Winner of the firm’s Third Law School Scholarship Essay Contest on the importance of whistleblowers. That award (and the $1000 prize) goes to Laney Fox, a first-year student at Florida State University College of Law. In her powerful essay, Laney describes her own experience [...]
On October 2, the Department of Justice (DOJ) announced a significant healthcare fraud settlement involving Jeffrey Madison, the former CEO of Little River Healthcare in Rockdale, Texas. Madison agreed to pay more than $5.3 million to resolve lawsuit allegations that he engaged in illegal kickback schemes designed to generate fraudulent [...]
On August 1, the Department of Justice (DOJ) launched its Corporate Whistleblower Awards Pilot Program, focusing on criminal activity that largely falls outside the scope of the existing whistleblower programs—namely, the False Claims Act and the SEC, CFTC, FinCEN, and IRS whistleblower programs. While DOJ previously provided guidance and a [...]
The Constantine Cannon whistleblower team is pleased to share with you the Second-Place Winner of the firm’s Third Law School Scholarship Essay Contest on the importance of whistleblowers. That award (and the $500 prize) goes to Lana Thurman, a first-year student at UA Little Rock William H. Bowen Law School. In her essay, Lana reflects on her [...]
Hurricane Helene has devastated Florida with its 140 mph winds, destroying homes and businesses, and at least 115 people have died across six states (as of September 30, 2024). On top of this, many Flordians are still recovering from the aftermath of Hurricane Ian. Not only from the physical damage [...]
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 [...]
