SEC Issues $20 Million Whistleblower Award
The U.S. Securities and Exchange Commission on Monday said it issued a $20 million award in a case involving a tipster who came to the agency early on, enabling it to secure a “near-total-recovery” of investor funds in a matter.
Key Words: SEC, whistleblowers, award
Trust Issues: Transparency, Integrity
Mylan Posts Loss, Hurt by Lower EpiPen Volumes, Charge Related to Settlement
Mylan NV swung to a quarterly loss as it booked a charge related to a settlement with U.S. authorities on pricing of its EpiPen. Revenue growth was below expectations as volumes of the lifesaving auto-injector fell.
Key Words: Mylan, Justice Department Investigation
Trust Issues: Situational Adjustment
Senate Panel Urges FTC to Review Mylan
Lawmakers continued criticizing Mylan NV over its EpiPen injector, with two leaders of the Senate Judiciary Committee calling for the Federal Trade Commission to review whether Mylan engaged in anticompetitive practices.
Key Words: Mylan, Senate panel
Trust Issues: Transparency, Capability
Walgreen Sues Theranos, Seeks $140 Million in Damages
Drugstore giant Walgreen Co. sued former laboratory-testing partner Theranos Inc. in a federal court in Delaware, alleging it breached a contract between the two companies.
Key Words: Theranos, Walgreen, lawsuit
Trust Issues: Conflict of Interests, Honesty
Adult FriendFinder hit with one of the biggest data breaches ever, report says
A hack against popular adult dating and entertainment company FriendFinder Networks exposed data related to more than 412 million user accounts, according to a report from breach notification site LeakedSource.
Key Words: Data breaches, hack
Trust Issues: Transparency, Risk Tolerance
Former Autonomy Financial Chief Indicted on Felony Fraud Charges
Federal prosecutors indicted former Autonomy Corp. finance chief Sushovan Hussain over claims of deception in Hewlett-Packard Co.’s $11 billion acquisition of the company in 2011.
Key Words: Autonomy Corp., felony fraud charges
Trust Issues: Honesty, Integrity
National Oilwell Varco Settles Sanctions-Violations Case
National Oilwell Varco Inc. said it agreed to pay $25 million to settle with U.S. authorities over allegations of sanctions violations that date back to 2002.
Key Words: U.S. authorities, sanctions violations
Trust Issues: Conflict of Interests, Transparency
Division emerge in Europe on whether to do deals with Trump
Donald Trump split open the U.S. electorate in his runaway win for the presidency. Now his unexpected ascension is propelling wider divisions in Western unity, as European allies sparred Monday about how closely to work with the future U.S. leader.
Key Words: U.S. election, Europe
Trust Issues: Situational Adjustment, Communications