Giant U.S. discount department store KMART Corp. paid $1.4 million for violating the False Claims Act by illegally using promotional materials to convince Medicare beneficiaries to fill prescriptions at its pharmacies, said the U.S. Justice Department Tuesday.
Legal & Regulatory
NY regulator, 4 banks agree on Symphony messaging
Four major banks -- Bank of New York Mellon, Deutsche Bank, Credit Suisse and Goldman Sachs -- have reached an agreement with New York State's Department of Financial Services (DFS) over record keeping for the Symphony messaging system.
Two Giant Debt Collectors Ordered to Refund a Collected $61million to Consumers
Encore Capital Group and Portfolio Recovery Associates are ordered to refund a collected $61 million to customers for allegedly using deceptive strategies to collect debt. CNN reported that the Consumer Financial Protection Bureau charged these two giant debt collectors for buying inaccurate debts, collecting unverified debts, and using illegal strategies to collect debts.
Jessica Alba's Honest Company Faces Lawsuit for Allegedly being "Dishonest" on its "Natural" Products
Jessica Alba's non-toxic household and beauty products business, The Honest Company, is being sued for "dishonesty." Jonathan Rubin filed a class action suit in the federal court of California against Alba's company for allegedly making false claims that their products are "natural." He also said some of the products weren't effective. Some of the products the lawsuit targeted included dish soaps, surface cleaners, nappies, and the company's sunscreen. Rubin claims that some of those products have synthetic chemicals, making them not "natural" as reported by International Business Times.
Ex-Sony Pictures employees filed a class action lawsuit settlement over "The Interview" hacking
Ex-Sony Pictures Entertainment employees filed a proposed class action lawsuit on Wednesday regarding the breach of records with the entertainment company in U.S. District Court in Los Angeles.
Latest News
An Oakland lawyer claims that companies in the Bay Area will soon be facing overtime-related lawsuits. These lawsuits will hit firms in the sharing economy, like Lyft and Uber.
Business groups criticized the decision of the National Labor Relations Board on Thursday for companies and subcontractors to unionize low-wage service sector employees.
The fake financial company goes by the name "Goldman Sachs (Shenzhen) Financial Leasing Co" and holds office in Shenzhen. Little was known of the counterfeit institution but before its web site went down on Wednesday, it claimed to have been established in 2013. It also makes itself more likable by saying that it is "the biggest financial leasing firm" in the place.
U.S. International Trade Commission terminates the patent infringement case filed by the InterDigital Inc. against Microsoft Corporation. ITC is breaking off the import ban of Microsoft handsets.
Starkist Tuna settled a class action lawsuit for under filling its five-ounce tuna by few tenths of an ounce, and is now required to pay back consumers with cash or tuna.
FAA reported that there had been almost 700 close encounters between drones and planes. Drones have no permissions to soar the sky of more than 400 feet off the ground or within the five miles of any airport, but on the day of August 15, drones messed with air traffic in the Unites States, dozens of them.
Michael Jordan said that he was pleased with the decision of the jury to have the owners of Dominick's pay the athlete $8.9 million after using his name in an ad without his consent.
Gay couples can now collect their Social Security benefits, the government announced Thursday. According to the advisory, same-sex married couples who resides in states that haven't yet legalized their unions and who have filed claims for their Social Security benefits can now get those payments.
Several countries including the US told a global anti-money laundering organization that they should delete the public warning it had given last June to various financial institutions regarding corruption in soccer.
