Trust Digest 150 (August 1, 2016)
Hospital Chain’s CEO Faces Lawsuit Over Business Practices
Prem Reddy, head of Prime Healthcare, is known for his aggressive turnaround strategies…. Now Dr. Reddy is the central figure in a lawsuit brought by an employee and the Justice Department alleging that he strong-arms doctors in an effort to unnecessarily hospitalize patients at Medicare’s expense.
Key Words: Medicare, Justice Department, insurers
Trust Issues: Integrity, Risk Tolerance, Capability, Benevolent Concern
CEO Faces Off With Short Seller in Libel Suit
The chief executive of a Canadian drugmaker is suing a noted short seller for libel after the investor criticized the CEO’s tenure at another drug company, which earlier settled charges of accounting fraud.
Key Words: Concordia, defamation
Trust Issues: Integrity, Interests
U.S. to Form International Partnership to Fight ‘Superbugs’
The U.S. government Thursday announced the formation of a trans-Atlantic, public-partnership to help stem the tide of antibiotic-resistant bacteria, often called “superbugs”.
Key Words: Antibiotic-resistant bacteria, public-private initiative, “superbugs”
Trust Issues: Similarities, Interests, Integrity
Alere Faces Criminal Probe Over Medicare, Medicaid Billing
Federal investigators are seeking information about government-billing practices at Alere Inc., adding to a litany of woes at the diagnostic-testing company as it seeks to complete a deal to sell itself.
Key Words: Alere Inc., government-billing practices, criminal-fraud
Trust Issues: Integrity, Interests, Risk Tolerance
Judge voids VirnetX’s $625.6 million Apple verdict; VirnetX plunges
A federal judge has thrown out a verdict requiring Apple Inc to pay VirnetX Holding Corp $625.6 million for infringing four patents relating to Internet security technology, causing VirnetX’s share price to plunge.
Key Words: Apple Inc., VirnetX Holding Corp, patent infringement
Trust Issues: Similarities, Integrity
Expert to Rio athletes: ‘Don’t put your head under water’
Just days ahead of the Olympic Games the waterways of Rio de Janeiro are as filthy as ever, contaminated with raw human sewage teeming with dangerous viruses and bacteria, according to a 16-month-long study commissioned by The Associated Press. Not only are some 1,400 athletes at risk of getting violently ill in water competitions, but the AP’s tests indicate that tourists also face potentially serious health risks on the golden beaches of Ipanema and Copacabana.
Key Words: Rio de Janeiro, Olympic Games, water competitions
Trust Issues: Integrity, Risk Tolerance, Benevolent Concern
French Muslims to create foundation to finance mosques
A new foundation will be created to help finance mosques in France and keep out radical benefactors, the head of the French Muslim Council said Monday.
Key Words: French Muslim Council, mosques, France
Trust Issues: Similarities, Benevolent Concern, Capability
EU’s Juncker keeps black book on political foes
The European Commission President, Jean-Claude Juncker, says he keeps a little black book containing the names of people who have betrayed him.
Key Words: EU, Jean-Claude Juncker
Trust Issues: Integrity
European Prisons Fueling Spread of Islamic Radicalism
Convicted terrorists sit atop the social pecking order in many facilities, using jail time to plot new attacks or groom petty criminals for jihad.
Key Words: European prisons, radicalism
Trust Issues: Risk Tolerance, Benevolent Concern, Situational Security