United States Department of Justice
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.
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.
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.
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.
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.
Race Car Driver Accused of $2B Lending Scam
The payday lending scam made loans at exorbitant interest rates to 4.5 million Americans.
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.
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.
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.
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.
Antitrust Issues Derail Another Merger
Applied Materials and Tokyo Electron decide to go their separate ways after concessions fail to appease Department of Justice.