doj

Atwater Village Newbie

DirecTV Asks Court To Throw Out Justice Dept. Lawsuit Over SportsNet LA

It’s hard to be a baseball fan in Los Angeles. For what feels like ages, the LA Dodgers have had an exclusive deal with Time Warner Cable — now Charter — to air their games in the area. Other carriers reportedly have tried to get access to the games but were stymied, eventually leading to a complicated court case where the Justice Department sued DirecTV over allegations of colluding unlawfully with other carriers in negotiations with SportsNet LA. Now, DirecTV is fighting back. [More]

For-Profit Prisons Could See Boost With Trump’s Executive Order To Open New Detention Centers

For-Profit Prisons Could See Boost With Trump’s Executive Order To Open New Detention Centers

While much of today’s news about President Trump’s latest executive order is the directive to build his often-promised wall along the border between Mexico and the U.S., the order also directs the federal government to get to work immediately on building — or contracting out — detention centers along that border, providing a potential boon to the for-profit prison industry. [More]

lonewolf

Should Microsoft Be Allowed To Tells Its Users When Government Searches Their Data?

If the police serve a search warrant on your home, you know, but if law enforcement searches your cloud-stored files, you’ll probably have no idea — and companies like Microsoft are currently forbidden from telling you. That’s why the tech giant is suing the Justice Department, but can Microsoft even bring this lawsuit? [More]

Brian_B 1976

Western Union Will Pay $585 Million For Not Doing Enough To Stop Wire Fraud

Whether it’s the “distant relative stranded in a foreign country” scam or the “you’ve won the lottery but you have to pay us scam” or any other variation on this remotely operated ruse, wire transfer services like Western Union are often the conduit for getting that money from the victim to the scammer. After years of being accused of not doing enough to clamp down on fraud by its customers, Western Union has agreed to pay $585 million to federal authorities and admit that its policies — and some of its agents — aided and abetted wire fraud. [More]

Alec Tabak

Moody’s Hit With $864M Penalty For Role In Mortgage Meltdown

While much of the anger surrounding the mortgage meltdown was focused on shady mortgage lenders and investment banks, a less-discussed but nonetheless culpable party were the credit-rating agencies that rubber-stamped mortgage-backed securities that were sometimes worth about as much as a used lottery ticket. [More]

Thomas Hawk

Feds Bring Criminal Charges Against 6 Volkswagen Executives

In a rare instance of criminal charges being brought against executives at one of the world’s largest car companies, federal authorities have indicted six Volkswagen employees involved in the decade-long “Dieselgate” scandal and cover-up.  [More]

The.Comedian

Former Pharma Execs Face Felony Charges For Generic Drug Price-Fixing

Federal prosecutors have charged both the former CEO and president of a New Jersey pharmaceutical company with illegally conspiring to fix prices on generic drugs, marking the first time the Justice Department’s Antitrust Division has prosecuted a case involving generic medications, and could be the first domino in a series of charges still to come against others. [More]

Former Pharma Execs Accused Of Boosting Fentanyl Sales By Bribing Doctors With Sham Speaking Engagements

Former Pharma Execs Accused Of Boosting Fentanyl Sales By Bribing Doctors With Sham Speaking Engagements

Fentanyl is an incredibly potent opioid painkiller; it acts quickly and powerfully, but doesn’t last as long as others, meaning its medical application is limited. So if you’re a drug company trying to boost sales of your new fentanyl spray, how do you sell more of a product that very few people have a real need for? You could bribe doctors with paid “speaking engagements,” take them out and show them the “best nights of their life,” all so they write prescriptions for patients who probably shouldn’t be getting your drug. [More]

Steven Depolo

GNC Agrees To Improve Efforts To Keep Illegal Dietary Supplements Out Of Its Stores

When you buy a dietary supplement, you never know quite what you’re getting, because supplement manufacturers don’t have to prove to the Food and Drug Administration that their products work — or are even safe — before putting them on the market. GNC, the world’s largest dietary supplement retailer, has now agreed to try to ramp up efforts to ensure that the products it sells are safe and legal. [More]

(frankieleon)

Feds Give Up Trying To Hold Bank Of America Accountable For Countrywide’s “Hustle” Mortgage Scam

A nasty four-year legal battle between the Justice Department and Bank of America over a massive mortgage-related scam run by Countrywide Financial has come to a whimpering conclusion, with the DOJ opting to not appeal its most recent defeat in the case. [More]

Gary Burke

JPMorgan Chase To Pay $264M To Settle Corruption Allegations For Hiring Friends, Family Of Government Officials

Over a period of seven years, JPMorgan Chase hired or gave internships to around 200 individuals, not because they were the best people for their positions (they often weren’t), but at the request of foreign government officials and clients. That practice, alleged U.S. regulators, was a violation of federal law. Now Chase has agreed to pay a total of more than $264 million to settle these allegations of nepotism-gone-too-far. [More]

Mike Mozart

Generic Drug Companies Could Soon Face Criminal Price-Collusion Charges

The pharmaceuticals industry has come under heavy scrutiny in recent years for soaring prices, though much of the attention has focused on name-brand drugs with no or minimal competition. However, multiple news reports now claim that some generic drug companies could soon face federal criminal charges over allegations that they colluded on price. [More]

Atwater Village Newbie

DOJ Sues DirecTV Over Blackout Of SportsNet LA

The Justice Department has filed a lawsuit against DirecTV, alleging that the nation’s largest satellite TV provider illegally shared non-public information with other pay-TV companies about their negotiations to carry SportsNet LA, the only cable channel in Los Angeles to air most Dodgers games. [More]

Phillip Bradshaw

Sen. Elizabeth Warren: $465M Mylan EpiPen Settlement Is “Shamefully Weak… Shockingly Soft”

Earlier this month, drugmaker Mylan disclosed a $465 million settlement with the U.S. Department of Justice over allegations that the company had defrauded the Medicaid system by mis-categorizing its high-priced EpiPen allergy treatment. The DOJ has still yet to confirm this settlement or provide any details, and critics of the deal say it looks like Mylan is getting off easy. [More]

Alec Tabak

DOJ, States To Sue Moody’s Credit Rating Agency For Role In Mortgage Meltdown

What drove the mortgage bubble in the years leading up to the 2008 financial crisis wasn’t just ill-prepared home-buyers signing on to subprime, adjusted-rate mortgages they couldn’t afford, or the lenders who effectively gave up on underwriting these loans so as to bundle and resell as many of them as possible. There were also credit rating agencies that gave these mortgage-backed bonds the seal of approval, even when they were worthless. [More]

M

Mylan To Pay $465M To Settle EpiPen Medicaid Pricing Scandal; Critics Call Deal “Inadequate”

Amid recent revelations that EpiPen maker Mylan has been overcharging U.S. taxpayers for potentially hundreds of millions of dollars since at least 2011, the drug company says it has agreed to pay $465 million to close the book on a federal investigation into its Medicaid pricing — all without admitting any liability. [More]

Google Street View

Feds Accuse Bar Of Charging Cover Fees To Non-White Customers

Federal law prohibits restaurants and bars from discriminating against customers on the ground of race, color, religion, or national origin, but prosecutors say a popular Houston bar actively discouraged non-white customers by, among other practices, demanding cover charges that were not required of white customers. [More]