United States Department of Justice

Ally Financial Fined $52M Over MBS Marketing
Risk & Compliance

Ally Financial Fined $52M Over MBS Marketing

U.S. authorities say an Ally subsidiary marketed mortgage bonds even though it knew a "significant percentage" of the underlying subprime loans was toxic.
By Matthew Heller | November 22, 2016
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Tenet Settles Kickback Charges for $513M
Risk & Compliance

Tenet Settles Kickback Charges for $513M

The hospital chain allegedly obtained $145 million in Medicaid and Medicare funds by paying an operator of prenatal clinics for referrals.
By Matthew Heller | October 4, 2016
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Activist Fund Fined $11M on Antitrust Charges
Risk & Compliance

Activist Fund Fined $11M on Antitrust Charges

ValueAct failed to notify regulators that it purchased stock in Baker Hughes and Halliburton after the two companies proposed a merger, says the DOJ.
By Matthew Heller | July 13, 2016
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Baker Hughes Refocusing After Merger Deal Dies
Strategy

Baker Hughes Refocusing After Merger Deal Dies

The oilfield services giant will use its $3.5 billion breakup fee from Halliburton to fund a $1.5 billion share buyback.
By Katie Kuehner-Hebert | May 2, 2016
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WhatsApp Strengthens Privacy Wall for Users
Technology

WhatsApp Strengthens Privacy Wall for Users

With full end-to-end encryption, the instant message service has firmly aligned itself against law enforcement efforts to access communications.
By Matthew Heller | April 6, 2016
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Race Car Driver Accused of $2B Lending Scam
Risk & Compliance

Race Car Driver Accused of $2B Lending Scam

The payday lending scam made loans at exorbitant interest rates to 4.5 million Americans.
By Matthew Heller | February 11, 2016
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Feds Restrict Use of Cellphone Trackers
Technology

Feds Restrict Use of Cellphone Trackers

The U.S. Department of Justice's new policy restricts federal agents in their use of a surveillance tool that mimics cellphone towers.
By Matthew Heller | September 4, 2015
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Five Banks to Pay $5.6B Over Rate-Rigging
Risk & Compliance

Five Banks to Pay $5.6B Over Rate-Rigging

Plea agreements resolve U.S. allegations that the banks manipulated foreign currency exchange and interest rates.
By Katie Kuehner-Hebert | May 20, 2015
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Global Corruption Enforcement Becomes Focus of U.S. Foreign Policy
Risk & Compliance

Global Corruption Enforcement Becomes Focus of U.S. Foreign Policy

U.S. corporations and listed companies would do well to redouble their efforts to comply with the Foreign Corrupt Practices Act.
By Daniel R. Alonso | May 20, 2015
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Quicken Loans Founder Accuses Feds of ‘Witch Hunt’
Risk & Compliance

Quicken Loans Founder Accuses Feds of ‘Witch Hunt’

Dan Gilbert fires back at the Justice Department over lawsuit regarding the underwriting of Federal Housing Administration mortgage loans.
By Matthew Heller | April 27, 2015
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Antitrust Issues Derail Another Merger
Technology

Antitrust Issues Derail Another Merger

Applied Materials and Tokyo Electron decide to go their separate ways after concessions fail to appease Department of Justice.
By Katie Kuehner-Hebert | April 27, 2015
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U.K. Futures Trader Accused of Helping Spark ‘Flash Crash’
Regulation

U.K. Futures Trader Accused of Helping Spark ‘Flash Crash’

The CFTC also charged the British trader with manipulation of the price of E-mini S&P 500 futures contracts from April 2010 to the present.
By Matthew Heller | April 22, 2015
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BNY Mellon Settles Forex Pricing Allegations
Legal

BNY Mellon Settles Forex Pricing Allegations

The custody bank agrees to pay $714 million for overcharging pension funds and other customers on foreign exchange trades.
By Katie Kuehner-Hebert | March 20, 2015
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‘Operation Choke Point’ Catches Two More Banks
Risk & Compliance

‘Operation Choke Point’ Catches Two More Banks

Two Irvine, Calif.-based banks settle with the Justice Department over permitting transactions involving fraudulent merchants.
By Katie Kuehner-Hebert | March 13, 2015
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How to Prevent Corruption from Marring a Merger
Management Accounting

How to Prevent Corruption from Marring a Merger

Failing to identify a corrupt M&A target could spawn serious problems for an acquirer’s finances and reputation.
By Bryan S. Schultz and David W. Simon | March 13, 2015
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