Law & Regulation
DaVita, a company that provides health care to patients with kidney problems, has agreed to pay $495 million to settle whistleblower complaints that the company conspired to overcharge the U.S. government. This is in addition to the $400 million that the company had to pay out last year.
Last year, the Securities and Exchange Commission (SEC) began investigating one of the nation's largest hedge funds, Pequot Capitol Management, for possible insider trading. Up until last summer, the inquiry was headed by SEC lawyer Gary Aguirre. His investigation proceeded smoothly, Aguirre claims, until he asked for testimony from former Pequot chairman and Morgan Stanley CEO, John Mack, a top Bush donor.
Indian companies will be free to continue making less expensive generic drugs, much of which flow to the developing world, after a court rejected a challenge to the patent law on Monday.
Why would "criminals" set fire to millions worth in mine equipment? How was it that these "intruders" had an estimated 3,000 people backing them up? In what appears to be a spontaneous civilian movement against Barrick Gold, the world's largest gold miner, thousands of people invaded Barrick`s North Mara Gold Mine this week in Tarime District and destroyed equipment worth $15 million.
Energy traders for Enron used elaborate schemes with nicknames like ''Death Star'' and''Get Shorty'' to manipulate California's electricity market and boost profits, according to internal company memos released by federal regulators Monday.
The midterm elections are days away, but the winners are virtually certain: the corporations and conservative operatives like Karl Rove who have taken advantage of the Supreme Court's Citizens United ruling to establish a well-heeled "shadow party" of networked trade associations and G.O.P. front groups.
A whistleblower who previously worked for Ernst & Young, the international auditing firm, has alleged that his bosses turned a blind eye to discoveries that Kaloti Jewellery International - one of the world's biggest gold companies - dealt in minerals from undocumented sources that may have included conflict zones.
Major U.S. banks and securities firms are on pace to pay their people about $145 billion for 2009, a record sum that indicates how compensation is climbing despite fury over Wall Street's pay culture.
Tracing the chain of production of an E. Coli-contaminated hamburger made by Cargill, through interviews and government and corporate records obtained by The New York Times, shows why eating ground beef is still a gamble. Neither the system meant to make the meat safe, nor the meat itself, is what consumers have been led to believe.
In order to influence the new laws that encompass the 25 countries of the European Union, now the world's largest single economy, some 15,000 lobbyists have flocked to Brussels, its political heart. The public relations firm Burson-Mastellar is one of the most active among them.