Legal

Technology

Ring Suit Alleges Cameras Vulnerable to Hackers

“Ring does not fulfill its core promise of providing privacy and security for its customers, as its camera systems are fatally flawed,” the suit says.

Matthew Heller
December 27, 2019
Accounting

MetLife Fined $10M Over Annuity Accounting

The SEC says the insurer failed to maintain a sufficient system of internal controls, resulting in an improper release of annuity reserves.
Fraud

Five IT Workers Charged in Insider Trading Ring

A former IT administrator at Palo Alto Networks allegedly tipped off four friends in advance of the company's quarterly earnings announcements.
Legal

Banks Settle Bond Price-Fixing Claims for $337M

“The brazen attitude exhibited by Wall Street traders toward public institutional buyers of GSE bonds was shocking,” the lead plaintiff says.
Legal

PayPal Sues CFPB Over ‘Confusing’ Prepaid Card Rules

The company is challenging regulations that require PayPal accounts to guarantee the same consumer protections as prepaid credit cards.
Fraud

Exxon Cleared in Landmark Climate Change Trial

A judge rejected New York state claims that Exxon misled investors about the potential costs of future climate regulations.
Legal

Ericsson to Pay $1B in 2nd-Largest FCPA Case

“Through slush funds, bribes, gifts, and graft, Ericsson conducted telecom business with the guiding principle that ‘money talks.'"
Health Benefits

Threat of Health Care ‘Cadillac Tax’ Set to Vanish

Congress, White House include a repeal of the excise tax in 2020 funding legislation that's expected to be signed into law by Friday.
Fraud

Ex-Celadon Execs Accused of Accounting Fraud

The former COO and CFO allegedly orchestrated a scheme that enabled the trucking company to hide tens of millions of dollars in losses.
Legal

Spinoff Sues Honeywell Over Asbestos Liabilities

Garrett Motion says its indemnification agreement with Honeywell is "so one-sided as to be manifestly unconscionable."
Fraud

SEC Charges Former MiMedx Execs With Fraud

The C-suite executives allegedly improperly recognized revenue from distributors with which MiMedx had secret side arrangements.
Fraud

Ex-Outcome Health Execs Charged With Fraud

The SEC says the CFO and two other executives misrepresented Outcome's financial performance to raise nearly $500 million from investors.
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