Legal Eagle Review
SEC Sues Two Executives in Texas to Recover Bonuses and Stock Profits
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- Written by Legal Eagle Review
The Securities and Exchange Commission today sued two former executives at an Austin, Texas-based surgical products manufacturer to recover bonus compensation and stock sale profits they received during an accounting fraud at the company.
Pomerantz Law Firm Has Filed a Class Action Against A123 Systems
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- Written by GNW
New York, New York - Pomerantz Haudek Grossman & Gross LLP has filed a federal securities class action (1:12-cv-10591) in the United States District Court, District of Massachusetts, on behalf of all persons who purchased A123 Systems, Inc. ("A123" or the "Company") (Nasdaq:AONE) securities between February 28, 2011 and March 23, 2012 inclusive (the "Class Period").
SEC Charges Medical Device Company Biomet with Foreign Bribery
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- Written by LER
The Securities and Exchange Commission today charged Warsaw, Ind.-based medical device company Biomet Inc. with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries and agents bribed public doctors in Argentina, Brazil, and China for nearly a decade to win business.
Multi-Million-Dollar Hospice Health Care Fraud Alleged
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- Written by LER
Philadelphia, Pennsylvania - An indictment was unsealed today charging five nurses in a health care fraud conspiracy arising from their employment at Home Care Hospice Inc. (HCH), a hospice care provider in Philadelphia, between 2005 and 2008 that resulted in a multi-million-dollar fraud on Medicare. Patricia McGill, 64, of Philadelphia, was a registered nurse and served as the director of professional services for HCH.
EUSA Pharma Inc. to Pay $180,000 for Allegedly Submitting Inflated Claims to Medicare
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- Written by FBI
Washington, DC - EUSA Pharma (USA) Inc. has agreed to pay the United States $180,000 to resolve claims that it violated the False Claims Act by allegedly encouraging doctors to submit inflated claims to Medicare for imaging scans, the Justice Department announced today.
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