Department of Justice

DOJ Lays Out a Path to Reduced Corporate Penalties
Risk & Compliance

DOJ Lays Out a Path to Reduced Corporate Penalties

A new Justice Department policy gives defense counsel a framework for winning reduced monetary penalties for fiscally poor client companies.
By David McCann | November 14, 2019
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Third Point Fined Over Antitrust Violations
Risk & Compliance

Third Point Fined Over Antitrust Violations

The activist fund allegedly failed to comply with premerger notification rules before acquiring stock in DowDuPont two years ago.
By Matthew Heller | August 29, 2019
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U.S. Approves $26B T-Mobile-Sprint Merger
Regulation

U.S. Approves $26B T-Mobile-Sprint Merger

The deal is still being opposed by 14 states that claim it will harm "consumers, workers, and innovation."
By Matthew Heller | July 29, 2019
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Huawei CFO Argues for Halt to Extradition Case
Risk & Compliance

Huawei CFO Argues for Halt to Extradition Case

Meng Wanzhou's lawyers said President Trump's comments about the case are evidence it is politically motivated.
By Matthew Heller | May 9, 2019
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Fresenius Medical Fined $231M in Bribery Probe
Risk & Compliance

Fresenius Medical Fined $231M in Bribery Probe

The German medical device company allegedly paid $31 million in bribes to doctors and public health officials in at least 17 countries.
By Matthew Heller | April 1, 2019
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Lumber Liquidators Settles Fraud Case for $33M
Risk & Compliance

Lumber Liquidators Settles Fraud Case for $33M

The nation's largest hardwood retailer allegedly made false statements to investors about the safety of laminate flooring it sold in the U.S.
By Matthew Heller | March 13, 2019
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McKinsey Fined $15M Over Disclosure Failures
Risk & Compliance

McKinsey Fined $15M Over Disclosure Failures

The Department of Justice says the firm showed a "lack of candor" in seeking advisory appointments in bankruptcy cases.
By Matthew Heller | February 20, 2019
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HSBC to Pay $765M in Toxic RMBS Settlement
Risk & Compliance

HSBC to Pay $765M in Toxic RMBS Settlement

The Department of Justice says bank employees ignored the warnings of its primary due diligence vendor about the quality of loans underlying its RMBS.
By Matthew Heller | October 11, 2018
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Petrobras Fined $1.8B for Duping U.S. Investors
Risk & Compliance

Petrobras Fined $1.8B for Duping U.S. Investors

U.S. authorities say the Brazilian energy giant padded its financial statements to conceal the payment of kickbacks to company executives by contractors.
By Matthew Heller | September 27, 2018
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RBS to Settle RMBS Claims for Record $4.9B
Risk & Compliance

RBS to Settle RMBS Claims for Record $4.9B

The Justice Department says the penalty is the largest it has ever imposed for financial crisis-era misconduct at a bank.
By Matthew Heller | August 15, 2018
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U.S. Appeals Loss in AT&T-Time Warner Trial
Regulation

U.S. Appeals Loss in AT&T-Time Warner Trial

The appeal, if successful, would unravel AT&T's takeover of Time Warner but legal experts see it as a long shot.
By Matthew Heller | July 13, 2018
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U.S. to No Longer Defend Key ACA Provisions
Human Capital & Careers

U.S. to No Longer Defend Key ACA Provisions

The Justice Department says the repeal of the penalty for failing to obtain health insurance makes the individual mandate unconstitutional.
By Matthew Heller | June 11, 2018
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Ex-Autonomy CFO Convicted of Massive Fraud
Risk & Compliance

Ex-Autonomy CFO Convicted of Massive Fraud

A U.S. jury finds Sushovan Hussain "misused his special skills in accounting" to inflate the U.K. software firm's revenues before it was acquired by HP.
By Matthew Heller | May 1, 2018
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Panasonic Fined $280M Over Airline Scheme
Risk & Compliance

Panasonic Fined $280M Over Airline Scheme

The company's avionics unit allegedly provided a lucrative consulting job to an official of a government airline with which it was doing business.
By Matthew Heller | April 30, 2018
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DoJ Sues to Block AT&T’s Bid for Time Warner
Risk & Compliance

DoJ Sues to Block AT&T’s Bid for Time Warner

Antitrust regulators say the deal would force other distributors to “pay hundreds of millions of dollars more per year” for Time Warner programming.
By Matthew Heller | November 21, 2017
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