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  • Nelnet Inc. Student Loan Referrals Settlement
    New York, NY: (Jul-31-07) The New York Attorney General Andrew Cuomo's Office filed a lawsuit against Nelnet Inc., a finance company that consolidates student loans. The charges alleged that Nelnet made payments to alumni groups in exchange for getting loan referrals. The lawsuit was part of the investigation of unlawful practices in the $85 billion a year...
  • Dr. Reggie Goldsby Medical Malpractice Settlement
    Amite, LA: (Jul-03-07) Tanya Hendry Sparks filed a medical malpractice lawsuit against Dr. Reggie Goldsby of Amite, alleging that Goldsby's care of her father, Marion Hendry was below applicable standards of care demanded of physicians under like circumstances. Hendry was admitted to Hood Memorial Hospital in Amite on March 13, 2000, for what Goldsby diagn...
  • Universal Music Group IT Workers Start Class Action for Overtime Pay
    Jul-31-07 Los Angeles, CA: Information technology (IT) workers recently filed a class action against high-tech giant Universal Music Group claiming that the company wrongfully denied them overtime pay and other benefits. In the action, filed this month in the Los Angeles County Superior Court, the computer and network support employees claim that the company impr...
  • Aggregate Industries NE Inc. Substandard Concrete Settlement
    Boston, MA: (Jul-28-07) A lawsuit was filed against Aggregate Industries NE Inc., alleging the construction company supplied substandard concrete to Boston's Big Dig project. In a settlement reached, the company admitted to the allegations and agreed to pay $50 million to settle the case. Under the agreement, Aggregate Industries will not be barred from bi...
  • To Be or Not to Be Exempt: That is the Question
    Jul-26-07 Sacramento, CA Should sales representatives be exempt from California overtime ? Former IBM employee Tom Chau thinks not. From 200 to 2004, he sold software and hardware for the giant computer maker and routinely worked more than eight hours per day and more than 40 hours per week. Because he was classified as exempt, Chau didn't receive any overtime comp...
  • Citigroup Global Markets, Inc. Smith Barney Market Timing Settlement
    Newark, NJ: (Jul-24-07) The state Attorney General Anne Milgram's Office brought charges against Citigroup Global Markets, Inc., alleging that Smith Barney, a division of Citigroup, did not reasonably supervise agents who practiced market timing. Wall Street traders practice market timing by buying mutual fund shares after important events or market change...
  • Dana Corporation Sypris Technologies Contract Settlement
    Louisville, KY: (Jul-24-07) Sypris Solutions, Inc. and its wholly owned subsidiary, Sypris Technologies, Inc., had brought charges against Dana Corporation over a supply contract. In a settlement reached, Sypris Technologies agreed to resolve all outstanding disputes and enter into a new long-term supply contract. Dana, who is currently under the protectio...
  • Hartford Financial Services Inc. Market Timing Settlement
    New York, NY: (Jul-23-07) State Attorney General Andrew Cuomo's Office brought a lawsuit against Hartford Financial Services Inc., following an investigation into the retirement planning and property and casualty insurance industries. The investigation revealed that Hartford Financial was taking part in a tactic known as market timing, which involves short...
  • College Loan Corp. Preferred Lender List Perks Settlement
    San Diego, CA: (Jul-23-07) The New York Attorney General's Office brought a lawsuit against College Loan Corp., a San Diego-based lender of student loans, alleging that the firm provided perks to schools that placed the firm on preferred lender lists. According to the office of Andrew Cuomo, the company offered various perks to school financial aid offices...
  • Panacryl Suture: Inside an 'Adverse Incident' Report
    Jul-23-07 New Brunswick, NJ You have to wonder where the priorities are when a medical products company allegedly chooses to ignore the advice of its own million-dollar expert and releases what turns out to be a problematic product. Apparently, such was the case with the Panacryl Absorbable Suture , manufactured by the Johnson&Johnson division of Ethicon. While...
  • OxyContin officials spared jail
    Jul-21-07 Abington, VA As a drug, OxyContin has been getting a bad rap. Recently in the news for allegations of misbranding and suspect marketing practices by its manufacturer and abuse by addicts and youths, the OxyContin debacle appears to be a case of a worthy product taken advantage of by greedy profiteers and a lax regulatory framework. It is telling that,...
  • California Overtime Abuse Rampant in Retail
    Jul-21-07 Paris, CA Time and again there's another company not paying time-and-a half for overtime hours worked. Nancy Munoz worked almost a year in retail until she couldn't take any more 60-hour work weeks. "I started with this retail company last October," says Munoz. "I was hired as a senior assistant manager and it was to be a salaried position, 40-42 hour...
  • SmartForce Revenue Accounting Fraud Settlement
    New York, NY: (Jul-19-07) The US Securities and Exchange Commission brought charges against David Drummond, general counsel of Google, and three other former executives of California educational software company SmartForce, alleging that they overstated the company's revenue by $127 million from 1999 to 2002. Drummond, who left SmartForce in January 2002,...
  • Northrop Grumman Military Gear Testing Settlement
    Tempe, AZ: (Jul-18-07) The United States Justice Department brought charges against Northrop Grumman, alleging that the Tempe company did not properly test certain tubes used by the US military in night vision goggles and sniper scopes. An investigation revealed that the company displayed a lax management review of testing systems at Northrop and and its p...
  • Willis Group Holdings Undisclosed Insurance Fees Settlement
    Tallahassee, FL: (Jul-17-07) The State of Florida filed an insurance malpractice lawsuit against national insurance broker Willis Group Holdings, alleging that the company improperly collected undisclosed fees or commissions. The suit was filed after state authorities received complaints from consumers, claiming that they had been unduly charged with the f...
  • UBS Financial Services Inc. Fee-Based Account Fraud Settlement
    Albany, NY: (Jul-16-07) Attorney General Andrew Cuomo's Office filed suit against UBS Financial Services Inc., alleging that the company inappropriately guided customers into a fee-based brokerage program. An investigation revealed that UBS pushed thousands of traditional brokerage customers into the fee-based accounts of its InsightOne brokerage program...
  • Wachovia Capital Markets, LLC Employee Conflict of Interest Settlement
    Baltimore, MD: (Jul-12-07) Maryland Attorney General Douglas Gansler's Office filed charges against Wachovia Capital Markets, LLC of Charlotte, North Carolina, alleging that the company failed to supervise its employees in connection with potential conflicts of interest between Wachovia Capital Markets' research analysts and investment bankers. Wachovia Ca...
  • Agua Caliente Tribe Disclosure Policies Payout
    Sacramento, CA: (Jul-14-07) The Agua Caliente Band of Cahuilla Indians, a wealthy Riverside County Indian tribe, filed a lawsuit against the Fair Political Practices Commission, alleging that it was exempt from state campaign disclosure laws. The tribe claimed that such exclusion was a wholesale attack on tribal sovereignty. In December 2006, the Californi...
  • Ameriquest Mortgage Co. Lending Practices Settlement
    Austin, TX: (Jul-13-07) Attorney General Greg Abbott's Office brought a lawsuit against Ameriquest Mortgage Co., alleging that the company's borrowers were harmed by deceptive lending practices that the company followed. The suit stated that Ameriquest and its affiliates, Town and Country Credit Corp. and AMC Mortgage Services, did not adequately disclose...
  • Jazz Pharmaceuticals Inc. Xyrem Off-Label Promotion Settlement
    Palo Alto, CA: (Jul-13-07) The Department of Justice, the US Attorney's Office for the Eastern District of New York, the Office of the Inspector General of the United States Department of Health and Human Services, the United States Office of Personnel Management, and the United States Department of Tricare Management Activity brought charges against Jazz...
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