February 2011 archive

Federal health care fraud enforcement efforts recover record amounts

U.S. Department of Health and Human Services (HHS) released a required annual Health Care Fraud and Abuse Control Program report.  The report showed that the government’s health care fraud prevention and enforcement efforts recovered more than $4 billion in taxpayer dollars in fiscal year 2010. This is the highest annual amount ever recovered.

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Permanent link to this article: https://betweenthenumbers.net/2011/02/federal-health-care-fraud-enforcement-efforts-recover-record-amounts/

Update on SEC Whistleblower Program under Dodd-Frank

Section 922 of the Dodd-Frank Act contains a whistleblower program sponsored by the Securities and Exchange Commission (SEC). This law (i) makes significant changes in the existing whistleblower provisions of the Sarbanes-Oxley Act of 2002, and (ii) authorizes the SEC to pay between 10 and 30 percent of a recovery over $1 million to anyone …

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Permanent link to this article: https://betweenthenumbers.net/2011/02/update-on-sec-whistleblower-program-under-dodd-frank/

Detest Your Boss? Call the Government

As part of the Obama administration’s “Middle Class Task Force Initiative”, the Department of Labor’s Wage and Hour Division (WHD) recently teamed up with the American Bar Association (ABA) to help plaintiffs obtain legal counsel for claims under the Fair Labor Standards Act (FLSA) and the Family and Medical Leave Act (FMLA).  Under this new …

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Permanent link to this article: https://betweenthenumbers.net/2011/02/detest-your-boss-call-the-government/

Michael Vick and the Duration of Reputational Damage

It wasn’t long ago that Michael Vick was the highest paid player in the NFL and was frequently tapped for high profile endorsement deals with companies such as Nike, Coca-Cola, Kraft and Hasbro.  But when news of his dog fighting activities surfaced, the endorsement deals came to a grinding halt.  A prison sentence and a bankruptcy …

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Permanent link to this article: https://betweenthenumbers.net/2011/02/michael-vick-and-the-duration-of-reputational-damage/

Bear Stearns’ Defendants and Deloitte Face Significant Exposure

In a nearly 400-page opinion in January, a Manhattan federal judge (Robert Sweet) denied motions to dismiss a securities class action against Bear Stearns, Deloitte & Touche, and seven individual defendants.  As one might imagine from its length, the Court thoroughly addresses the allegations, and rebutted the defendants’ reasons for dismissal.   Here is a background …

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Permanent link to this article: https://betweenthenumbers.net/2011/02/bear-sterns%e2%80%99-defendants-and-deloitte-face-significant-exposure/