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Auto Loans the Subject of Latest Scandal for Wells Fargo
Wells Fargo is once again the subject of public criticism not even a year after its major fake account scandal. This time, the subject is how the company issues automotive loans. The New York Times recently broke the news of a Federal Reserve Bank of San Francisco investigation into Wells Fargo’s auto loan policies after […]
Whistleblower Lawsuit Related to Cancer Drug Marketing Leads to Celgene Paying $280 Million
Celgene Corporation, a biotech company based in New Jersey, will pay out $280 million to settle claims that it cited uses not approved by the U.S. Food and Drug Administration (FDA) in promotion of its cancer treatment drugs Thalomid and Fevlimid. According to Judge George H. King, the plaintiff “provided sufficient evidence” that the corporation […]
Whistleblower Awarded $9 Million in Case Against PHH Corp.
A whistleblower recently received $9.4 million for the role she played in identifying misconduct at PHH Corp, a mortgage lender based in New Jersey. The corporation will be responsible for paying $74.5 million to resolve claims that the company’s loan practices put the government and borrowers at risk. The settlement was announced by the U.S. […]
SEC Whistleblower Awards Total Reaches $158 Million
In late July, Securities and Exchange Commission (SEC) officials announced there were two more cases in which the regulator handed out whistleblower awards, totaling $4.2 million for the two whistleblowers. The total of the whistleblower payments distributed through the program is now at $158 million. One of the awards was announced on July 27 and […]
OSHA Releases Newly Revised Whistleblower Complaint Form
The U.S. Occupational Safety and Health Administration (OSHA) recently released a newly revised version of its Whistleblower Complaint Form. This form can be accessed online at the OSHA website. OSHA administers more than 20 whistleblower protection rules, including those that prohibit any retaliation against employees who complain about unhealthy or unsafe conditions in the workplace, […]
Whistleblowers Imperative for Rooting Out Fraud and Waste in Companies, Agencies
Kentucky Supreme Court Chief Justice John D. Minton recently said, “Transparency and accountability are bedrock principles in maintaining trust in state government.” It is a nod to the importance of whistleblowers, particularly when it comes to discovering incidents of fraud or waste in government agencies or private corporations. This new policy of transparency, issued some […]
FINRA: ETF Trades from Representative Cost Customers $8.4 Million
A former representative from WFG Investments, Inc., agreed to a court decision that he be barred from the securities industry as penalty for recommending trades in particularly risky, nontraditional exchange-traded funds (ETFs). These funds led to about $8.4 million in losses to customers. This settlement was filed by the Financial Industry Regulatory Authority (FINRA). According […]
Second Circuit Court Lowers Bar for Causation in FMLA Retaliation Cases
The U.S. Court of Appeals for the Second Circuit recently determined that for an employee to be able to advance a viable retaliation claim under the Family and Medical Leave Act (FMLA), he or she only needs to demonstrate that exercising his or her rights under the act (such as taking protected leave) was viewed […]
Hospital Employee Awarded $4.5 Million After Reporting Discrimination, Retaliation
A hospital employee who filed a lawsuit alleging age and disability discrimination and employer retaliation was awarded $4.45 million. He filed the suit against his former employer, Grinnell Regional Medical Center, and the award included $220,009 in back pay, $2 million in emotional distress damages and $2.28 million for future emotional distress damages. According to […]
