Yearly Archives: 2012
FINRA Issues Investor Alert Regarding Compromised Email Accounts
The Financial Industry Regulatory Authority (“FINRA”) issued an alert to investors warning them that a compromised email account can not only lead to identify theft, but also to the theft of their money. FINRA’s investor alert was issued in response to a growing number of reports of investor monies being stolen by individuals, who… Read More »
Cayuga Medical Center Settles Qui Tam Lawsuit for $3.5 Million
The Department of Justice announced that Cayuga Medical Center of Ithaca, New York (“Cayuga”) settled a lawsuit filed under the qui tam provision of the False Claims Act regarding false claims submitted to the Medicare and Medicaid programs. The qui tam lawsuit was filed on behalf of whistleblower Daniel S. Joregenson, M.D. According to… Read More »
FINRA Arbitrators Award $1.2 Million to Former Boston Red Sox Catcher
A Financial Industry Regulatory Authority (“FINRA”) arbitration panel has awarded former Boston Red Sox catcher and two-time World Series winner, Doug Mirabelli and his wife, $1.2 million in their claims against Merrill Lynch, Pierce, Fenner and Smith, Inc. (“Merrill Lynch”). The Award represents $800,219 in compensatory damages, plus $391,474 in attorney’s fees and $47,339… Read More »
Merrill Lynch Fined $1 Million for Failing to Arbitrate Employee Disputes
The Financial Industry Regulatory Authority (“FINRA”) has fined Merrill Lynch, Pierce, Fenner and Smith, Inc. (“Merrill Lynch”) $1 million for failing to arbitrate disputes regarding employee retention bonuses. FINRA Rule 13200 requires that firms and associated persons arbitrate any disputes that arise out of the business activities of the member, including those related to… Read More »
Florida Businessman Pleads Guilty to Fraud
Florida businessman, Gaston Cantens (“Cantens”), pleaded guilty today to wire and mail fraud in connection with a real estate scheme that targeted members of South Florida’s Cuban-American community. Cantens faces up to five years in prison when he is sentenced on April 4. According to Federal prosecutors, more than 150 investors, including the Belen… Read More »
U.S. Intervenes in Qui Tam Action Against AseraCare Hospice
The Justice Department announced that the United States has intervened in a qui tam lawsuit filed by whistleblowers Dawn Richardson and Marsha Brown against Golden Gate Ancillary LLC dba AseraCare Hospice (“AseraCare”) in the United States District Court for the Northern District of Alabama. A qui tam action is a whistleblower lawsuit brought by… Read More »
Patient Exposes $150 Million Medicaid Fraud
Maxim Healthcare Services Inc. (“Maxim”), one of the nation’s largest providers of home healthcare services, has agreed to settle criminal and civil charges relating to a nationwide scheme to defraud Medicaid and the U.S. Department of Veterans Affairs of more than $61 million. To date, nine individuals, including two Florida residents, have pleaded guilty… Read More »
Maersk Line Whistleblower to Receive $3.6 Million From Qui Tam Settlement
Maersk Line Limited, a wholly-owned subsidiary of Denmark-based A.P. Moller Maersk, has agreed to pay $31.9 million to settle a qui tam lawsuit initiated by whistleblower Jerry H. Brown II, a former industry insider, under the False Claims Act. A qui tam action is a whistleblower lawsuit brought by an individual as a “relator”… Read More »
Johnson and Johnson Settles Texas Qui Tam Action
Johnson and Johnson (“J&J”) has agreed to settle a Texas qui tam lawsuit brought by whistleblower Allen Jones for $158 million. The settlement ended the trial which had begun earlier this month. The qui tam complaint filed in 2004 alleged that J&J used false marketing practices in order to influence Medicaid officials to spend… Read More »
Boeing Settles Qui Tam Lawsuit
The Boeing Company (“Boeing”), one of the world’s largest aerospace companies, has agreed to settle a lawsuit filed under the qui tam provisions of the False Claims Act relating to bills submitted to the United States Department of Defense (“DOD”) for the production and modification of Chinook helicopters. According to the Complaint, in 2003,… Read More »