Ernst & Young LLP has agreed to pay $109 million to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen HealthSouth ex... Read more
It’s being reported in the national media that Merck & Co. is now officially “a target” of a grand jury investigation involving Vioxx. According to the reports, the investig... Read more
Over the years men and women would agree to serve on the boards of public-traded corporations without giving it a second thought. But the job of a director in today’s climate has become deci... Read more
Based on all that has happened over the past six months, one could write a book on American International Group and the many problems this “insurance company” has caused to our nation and it... Read more
Lawsuits have been filed in federal courts in Phoenix and Seattle, respectively, which accuse the nation’s two biggest mortgage lenders of using their industry influence to twis... Read more
A class action lawsuit has been filed against Triad Guaranty Inc. and its current and former top executive by stockholders claiming that the officials violated federal securities laws. The l... Read more
A Tennessee Valley Authority contractor, Stone & Webster Construction Inc., has agreed to pay the federal government $6.2 million to end a contract fraud investigation related to work a... Read more
Merrill Lynch has agreed to pay a $1 million civil fine in a settlement with federal regulators. The company had been accused of misleading pension consulting clients and failing to disclose... Read more
Kellogg Brown & Root LLC (KBR), the global engineering, construction and services company based in Houston, has pled guilty to charges related to the Foreign Corrupt Practices Act (FCPA... Read more
It is very likely that more corporate crime prosecutions are on the way. In a Corporate Crime Reporter survey of more than 200 of leaders of the American Bar Associations White Collar Crime... Read more
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