The United States has intervened in a False Claims Act suit filed against software manufacturer Oracle. The government charges that the company bamboozled the government by charging it higher prices than the deeply discounted prices offered to Oracle’s commercial customers. According to the Justice Department, the scheme violated federal regulations governing General Services Administration contractors [...]
Wall Street goliath Goldman Sachs has disclosed in a filing with the Securities and Exchange Commission that it is being sued by computer network technicians for overtime pay. The five plaintiffs, who routinely worked over 70 hours a week without receiving overtime pay, are seeking class action certification for themselves and others who were not [...]
The maker of blood pressure medication ProAmatine will remove the drug from the market, after the U.S. Food and Drug Administration (FDA) threatened to recall the drug because of lack of proof concerning the drug’s long-term benefits. The FDA stated that the maker failed to conduct postmarketing clinical trials to confirm the drug’s effectiveness.
The New York Attorney General has announced an $8 million settlement with Affinon Group over charges that the company tricked online shoppers to sign up for discount clubs with hidden fees. A restitution fund for consumers duped out of their money will be set up with $5 million of the settlement; the remaining $3 million [...]