December 28, 2011
2012: Year of the Whistleblower
Top Five Predictions For Whistleblower Programs; Blockbuster Year Expected Despite Intense Corporate Opposition The increased reach of U.S. whistleblower laws and a growing interest overseas in whistleblower...
December 13, 2011
Government penalties don’t slow Pfizer
The Wall St. Journal reports that Pfizer raised its divided by 10% and expanded its share repurchase plans by up to $10 billion, in an effort “to return some of its cash pile to shareholders.”...
Posted In Whistleblower Law Insights
December 05, 2011
Phillips & Cohen attorneys named to best whistleblower lawyers list
WASHINGTON, DC – Washingtonian magazine has named three Phillips & Cohen partners – John R. Phillips, Erika A. Kelton and Peter W Chatfield — to its 2011 “Best Lawyers”...
Posted In Phillips & Cohen News
November 28, 2011
SEC’s Citigroup settlement blocked by judge – is this the future?
Judge Jed Rakoff has rejected a settlement between the Securities & Exchange Commission and Citigroup, saying that it “is neither fair, nor reasonable, nor adequate, nor in the public interest.”...
November 11, 2011
Whistleblower should be applauded for case against for-profit college company
Former Congresswoman-turned-Washington lobbyist Melissa Hart (R-PA) has a misguided opinion piece in today’s Washington Times (“Justice gets lost in the revolving door — Current and former public...
Posted In Whistleblower Law Insights
November 08, 2011
Firms commit securities fraud again and again, despite penalties and promises
As part of their settlements of securities fraud suits, many large Wall Street firms have signed agreements to never again violate antifraud laws. It may strike some as surprising that a promise not to...
October 03, 2011
Senate Finance Committee says home health agencies game system
The Senate Finance Committee has issued a report that shows three home health companies are engaging in top-down strategies to game Medicare. Internal documents from Amedisys, LHC Group and Gentiva show...
Posted In Whistleblower Law Insights
August 18, 2011
Industry groups to challenge SEC whistleblower rules?
The New York Times reports that financial trade groups are considering suits challenging the Securities & Exchange Commission’s new whistleblower program. A July ruling by a federal appeals court...
August 15, 2011
CFTC approves whistleblower rules
The Commodities Futures Trading Commission approved new rules for the whistleblower program by a vote of 4-1 on August 4. The vote was postponed from the July 19 meeting. The CFTC announced that the final...
August 12, 2011
New SEC whistleblower program opens today
The SEC whistleblower program outlined by the Dodd-Frank Wall Street Reform and Consumer Protection Act has officially gone into effect today. Whistleblowers who provide “new and timely” information...