By Aaron Nicodemus2024-07-23T13:06:00
A French bus parts supplier will pay more than $2.4 million in penalties, disgorgement, and restitution to settle charges that it fraudulently misled its U.S. customers about the source of some of its parts.
As part of a settlement with the Department of Justice (DOJ), announced Monday in a press release, CBM will pay a fine of $1.5 million, disgorgement of approximately $463,000, and nearly $440,000 in restitution.
The CBM agreed to a two-year non-prosecution agreement (NPA) that requires it to self-report any future violations and “continue in its efforts to implement and maintain an adequate compliance program,” the agency said. The DOJ noted it will prosecute any newly discovered misconduct as well as misconduct covered by the NPA.
2024-08-26T14:37:00Z By Aaron Nicodemus
The Department of Justice joined a whistleblower lawsuit filed by two former Georgia Tech compliance officers who alleged that the institute violated the False Claims Act by knowingly failing to meet cybersecurity requirements in a Department of Defense contract.
2024-05-22T20:55:00Z By Jeff Dale
The Department of Justice declined to prosecute Massachusetts-based biochemical company MilliporeSigma for its “extraordinary cooperation” in uncovering a “rogue” employee’s scheme to procure and ship discounted products to China using falsified export documents.
2024-04-17T17:00:00Z By Aaron Nicodemus
The Department of Justice launched a new pilot program that encourages voluntary self-disclosure by corporate executives who are themselves involved in financial misconduct, with the incentive of a nonprosecution agreement for those who help an agency investigation.
2025-08-21T18:58:00Z By Oscar Gonzalez
The Federal Trade Commission filed a complaint against LA Fitness’ parent companies, citing difficulties canceling memberships, a month after a court blocked the agency’s click-to-cancel rule.
2025-08-20T21:22:00Z By Adrianne Appel
CVS’s Caremark division knowingly overcharged Medicare for prescription drugs and must pay nearly $290 million, a Pennsylvania federal judge has ordered.
2025-08-18T14:12:00Z By Oscar Gonzalez
The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.
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