Department of Justice
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.
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.
Exxon Settles Air Pollution Case for $303M
The settlement requires Exxon to spend $300 million on plant upgrades but activists call the $2.5 million fine "a slap on the wrist."
Ex-Deutsche Trader Accused of RMBS Fraud
The bank's former head of subprime trading allegedly misrepresented the quality of securitized loans to protect Deutsche's bottom line and his own salary.
Fraudsters Fare Worse When Whistles Blow
When whistleblowers are involved in enforcement actions, perpetrators can expect greater financial sanctions and longer prison sentences, a study finds.
‘Bar Works’ Founder Charged with Fraud
As of Friday, Renwick Haddow, who also founded a scam bitcoin platform, was on the run and considered a fugitive.
Citigroup Unit Settles Money Laundering Probe
Banamex USA will pay $97.4 million to resolve allegations that it failed to properly monitor millions of dollars in remittance payments to Mexico.
Feds Eye H-1B Dependent Firms in Crackdown
President Trump moves to fulfill his campaign pledge to “end forever the use of the H-1B [visa] as a cheap labor program.”
ZTE Fined $900M for Iran Sanctions Busting
The Chinese telecom equipment company allegedly shipped about $32 million of sensitive U.S.-made technology to Iran between 2010 and 2016.
Aetna, Humana Walk Away From $34B Merger
The insurers cited the Jan. 23 ruling in which a federal judge found the deal would substantially reduce competition in the Medicare Advantage market.
Court Blocks Another Healthcare Megamerger
The proposed Anthem-Cigna deal "is likely to have a substantial effect on competition in what is already a highly concentrated market," the judge says.