Evidence of kickbacks and bribes brought to light by a whistleblower and former chief compliance officer has led Merit Medical Systems to reach an estimated $18 million agreement in principle with the DOJ to settle False Claims Act allegations.
Aaron Nicodemus
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass.
Email: aaron.nicodemus@complianceweek.com
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Posted inInternal Controls
Colorado investment firm fined $200K for inadequate compliance procedures
A Colorado-based investment advisory firm has been fined $200,000 and ordered by the SEC to improve its compliance practices regarding the purchase of securities on behalf of certain institutional investors.
Posted inInternal Controls
Cigarette filter maker agrees to first-ever U.S.-North Korea sanctions DPA
A cigarette filter maker has entered into the first-ever U.S.-North Korea DPA with the Justice Department for sanctions violations and agreed to pay a fine of $665,112 to the Treasury Department’s Office of Foreign Assets Control.
Posted inInternal Controls
How Twitter got hacked, and what you can learn from it
Twitter just suffered the biggest cyber-attack in its history. But is it being set up for something bigger? We explore that possibility and much more.
Posted inData Privacy
Walmart latest hit with CCPA-related lawsuit
Consumers are using the newly enforceable California Consumer Privacy Act to sue companies they say have mishandled their data. Walmart is the latest and most high-profile to be slapped with a lawsuit.
Posted inWhistleblowers
SEC continues whistleblower payout surge with $3.8M award
The Securities and Exchange Commission has paid out approximately $119 million to 20 whistleblowers in the past 10 months, a trend the agency continued with the latest announcement of a $3.8 million award.
Posted inEurope
Italian telecom fined $18.6M for violating GDPR data collection rules
Italian telecommunications operator Wind Tre S.p.A has been fined approximately €16.7 million (U.S. $18.6 million) for violating data collection provisions of the EU’s General Data Protection Regulation.
Posted inEurope
Google fined $670K for violating GDPR’s ‘right to be forgotten’
Belgium’s Data Protection Authority fined Google Belgium €600,000 (U.S. $670,000) for refusing to delete search results linked to a Belgian public official, a provision of the GDPR know as the “right to be forgotten.”
Posted inRegulatory Policy
SEC proposes update to ease 13F reporting requirements
The Securities and Exchange Commission has proposed raising the threshold at which small institutional investment managers must file quarterly reports with the agency.
Posted inRegulatory Enforcement
UHS settles FCA allegations for $122M
Whistleblowers will receive a $16.7 million payday as part of a $122 million settlement between the Department of Justice and Universal Health Services.