Monthly Archives: August 2019
Federal Judge Denies Request to Drop Whistleblower Lawsuit Filed Against CVS Caremark
A federal judge has denied a request by Aetna to drop a whistleblower lawsuit against CVS Caremark that alleges the company overbilled Medicare to the tune of more than $1 billion for prescription drugs. Aetna is the insurance company that recently merged with CVS, and it has been embroiled in a legal battle to dismiss […]
CFTC Announces Whistleblower Award Worth Approximately $1.5 Million
The Commodity Futures Trading Commission (CFTC) announced a brand-new whistleblower award worth approximately $1.5 million would be paid out to a whistleblower who filed a claim through the agency’s whistleblower compensation program. Per CFTC policy, no information was provided about the whistleblower’s identity or the case they helped resolve, other than to say the whistleblower’s […]
Common Issues for Businesses in HR Investigations
The timeliness and efficiency of internal investigations performed by human resources professionals are crucial to help companies act appropriately when they face allegations of wrongdoing. In addition, establishing an efficient and fair internal complaint resolution process will make it much more likely that employees will come forward with information on potential wrongdoing when they have […]
Former Executives Charged in Insurance Law Scheme that Led to Hundreds of Millions in Losses
A pair of former executives with Southport Lane, L.P., a private equity investment holding company that specializes in managing investment portfolios for insurance companies, were charged with participating in a massive insurance fraud scheme. According to authorities, the scheme resulted in hundreds of millions of dollars in losses for its victims. The two individuals were […]
State of Idaho Pays $500,000 Settlement in Whistleblower Case
The state of Idaho recently settled a whistleblower lawsuit to the tune of $500,000, stopping the case before it reached federal court. The suit was filed by James Cryer, a former purchasing agent for the Idaho Department of Labor. He filed the claim in December 2016, alleging the state retaliated against him and fired him […]
Jury Sides with City of Flint in Whistleblower Lawsuit
The water crisis in Flint has been national news for the last several years, and one legal battle surrounding the crisis recently came to a head with a jury siding with the city. The former city administrator, Natasha Henderson, had sued the city under Michigan’s Whistleblower Protection Act. In 2016. According to Henderson, Mayor Karen […]
What You Need to Know About Filing an SEC Whistleblower Claim
The U.S. Securities and Exchange Commission’s (SEC) whistleblower program gives would-be tipsters an opportunity to earn a significant amount of money for reporting unique and actionable information on fraud and other wrongdoing in their companies or government agencies. Most recently the organization paid out $50 million to a pair of financial whistleblowers, but there have […]
CFTC Announces $1.5 Million Whistleblower Award
The Commodity Futures Trading Commission (CFTC) announced it gave a whistleblower award of $1.5 million to a whistleblower, recognizing that individual’s contribution of significant evidence to the CFTC after first reporting his or her concerns internally. While there is no requirement that whistleblowers make the reports internally first, the commission is likely to give larger awards to […]
