Department of Justice

Feds Sue to Block “Big Five” Publishing Merger
Risk & Compliance

Feds Sue to Block “Big Five” Publishing Merger

If Penguin Random House acquires Simon & Schuster, "it will have unprecedented control over this important industry."
By Matthew Heller | November 3, 2021
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Wells Fargo Fined $37M Over Forex Fraud
Risk & Compliance

Wells Fargo Fined $37M Over Forex Fraud

The bank's sales specialists allegedly charged forex customers higher markups on transactions than they represented the bank would charge.
By Matthew Heller | September 28, 2021
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Feds Investigating Peloton Safety Disclosures
Risk & Compliance

Feds Investigating Peloton Safety Disclosures

The company says the SEC and other agencies are investigating its reporting of injuries associated with its Tread Plus treadmill.
By Matthew Heller | August 30, 2021
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Biden to Name Tech Critic as Top Antitrust Cop
Risk & Compliance

Biden to Name Tech Critic as Top Antitrust Cop

Jonathan Kanter "has been a leading advocate and expert in the effort to promote strong and meaningful antitrust enforcement and competition policy.”
By Matthew Heller | July 21, 2021
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Deutsche Bank Fined $132M Over Bribery Schemes
Risk & Compliance

Deutsche Bank Fined $132M Over Bribery Schemes

U.S. authorities say the scandal-plagued bank made improper payments to politically-connected intermediaries to secure business overseas.
By Matthew Heller | January 11, 2021
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Boeing Fined $2.5 Billion Over 737 Max Crashes
Risk & Compliance

Boeing Fined $2.5 Billion Over 737 Max Crashes

U.S. prosecutors alleged two senior Boeing pilots deceived the Federal Aviation Administration into certifying the aircraft as airworthy.
By Matthew Heller | January 8, 2021
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DOJ: Facebook Improperly Gave Hiring Preference to Foreign Workers
Human Capital

DOJ: Facebook Improperly Gave Hiring Preference to Foreign Workers

The complaint says the social media giant refused to recruit, consider, or hire qualified and available U.S. workers for over 2,600 positions.
By Lauren Muskett | December 4, 2020
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Chinese Nationals Charged With Hacking Attacks
Technology

Chinese Nationals Charged With Hacking Attacks

“The United States government is starting to turn the tide on Chinese intrusion operations on Western companies and targets."
By Matthew Heller | September 17, 2020
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Feds Net 57 People in Probe of PPP Loan Scams
Risk & Compliance

Feds Net 57 People in Probe of PPP Loan Scams

The defendants allegedly tried to steal a total of $175 million from the program, which some had feared would be a magnet for fraud.
By Matthew Heller | September 11, 2020
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Herbalife Fined $123M Over China Bribe Scheme
Risk & Compliance

Herbalife Fined $123M Over China Bribe Scheme

U.S. authorities say the company paid off Chinese governmental officials to win favorable treatment in one of its largest markets.
By Matthew Heller | August 31, 2020
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DoJ Proposes Weakening Tech Immunity Law
Risk & Compliance

DoJ Proposes Weakening Tech Immunity Law

"The time is ripe to realign the scope of Section 230 [of the Communications Decency Act] with the realities of the modern internet."
By Matthew Heller | June 18, 2020
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Chicken Producer Execs Charged With Price Fixing
Risk & Compliance

Chicken Producer Execs Charged With Price Fixing

Four executives at Pilgrim's Pride and Claxton Poultry allegedly conspired to suppress competition by fixing the price of broiler chicken products.
By Matthew Heller | June 4, 2020
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Fluor Shares Dive on News of 10-Q Delay
Risk & Compliance

Fluor Shares Dive on News of 10-Q Delay

The engineering firm is facing investigations into its accounting by the SEC and Department of Justice.
By Matthew Heller | May 13, 2020
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Wells Fargo Fined $3B Over Fake-Accounts Scandal
Risk & Compliance

Wells Fargo Fined $3B Over Fake-Accounts Scandal

“This case illustrates a complete failure of leadership at multiple levels within the bank," a prosecutor says.
By Matthew Heller | February 24, 2020
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Five IT Workers Charged in Insider Trading Ring
Risk & Compliance

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.
By Matthew Heller | December 18, 2019
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