Category: Corruption

It’s less radical than it sounds. The DOJ isn’t looking to REQUIRE such punishment. It proposes giving “discounts on fines for companies that seek to claw back compensation from corporate wrongdoers.” The punishment is likely to hurt about as much as being hit in the head by a balloon.

WASHINGTON — European Union leaders are expected to debate proposals this month for the bloc to get involved in buying 155mm artillery shells, as member states seek to restock their depleted inventories and help Ukraine’s forces defend themselves.

The shortage is high on the political agenda, with defense ministers expected to tee up decisions at a March 7-8 meeting in Stockholm, Sweden, an EU spokesperson told Defense News.

Estonia has been pushing for the bloc to get involved in producing more ammunition faster, circulating a paper behind the scenes in Brussels last month that called for €4 billion (U.S. $4.3 billion) in extra funds to catch up.

“Ramping up the European defense industry’s output is one the most pressing issues right now,” according to the document, obtained by Defense News. “Russia fires Europe’s monthly artillery production rate in a single day in Ukraine. The urgent need for increasing our defense industrial capacity is clear.”

On March 2, 2023, the Department of Justice announced several new initiatives that prioritize the investigation and enforcement of economic sanctions evasion, export control violations, and similar economic crimes.  Deputy Attorney General Lisa Monaco announced a “surge of resources to address a troubling trend: the intersection of corporate crime and national security.” 

Western efforts to stoke the Ukraine conflict could lead to a direct military clash of nuclear powers, Moscow has warned.

Russian President Vladimir Putin has commented on a Ukrainian cross-border attack in Bryansk Region.

Court asks market regulator to investigate possible lapses in securities law or other regulatory disclosures by group.

At least 46 people were killed when a passenger train collided head-on with a cargo train outside the city of Larissa.

The United States is sounding out close allies about the possibility of imposing new sanctions on China if Beijing provides military support to Russia for its war in Ukraine, according to four U.S. officials and other sources. The consultations, which are still at a preliminary stage, are intended to drum up support from a range of countries, especially those in the wealthy Group of 7 (G7), to coordinate support for any possible restrictions. It was not clear what specific sanctions Washington will propose. The conversations have not been previously disclosed.

Telefonaktiebolaget LM Ericsson (Ericsson), a multinational telecommunications company headquartered in Stockholm, Sweden, has agreed to plead guilty and pay a criminal penalty of more than $206 million after breaching a 2019 Deferred Prosecution Agreement (DPA). 

At least two people died in northwest Syria last month following a rise in cholera infections.

For the second day in a row, China on Wednesday dismissed U.S. suggestions that the COVID-19 pandemic may have been triggered by a virus that leaked from a Chinese laboratory. Responding to comments by FBI Director Christopher Wray, Foreign Ministry spokeswoman Mao Ning said the involvement of the U.S. intelligence community was evidence enough of the “politicization of origin tracing.”…

Eli Lilly will cut prices for some older insulins later this year and immediately expand a cap on costs insured patients pay to fill prescriptions. The moves announced Wednesday promise critical relief to some people with diabetes who can face annual costs of more than $1,000 for insulin they need in order to live. Lilly’s changes also come as lawmakers…

The Justice Department announced today that it filed statements of interest in Espin et al. v. Citibank, N.A. and Padao v. American Express National Bank, two lawsuits currently pending in the U.S. District Court for the Eastern District of North Carolina, to address the right of the nation’s servicemembers to bring and participate in class action litigation under the Servicemembers Civil Relief Act (SCRA) instead of being forced into privatized arbitration proceedings on their own.

An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a publicly traded health care company, for allegedly engaging in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Ontrak stock. “Mr. Peizer is accused of using his insider knowledge as CEO of a publicly traded company to line his own pockets in violation of his duty to his company and its shareholders,” said U.S. Attorney Martin Estrada for the Central District of California. “Mr. Peizer allegedly exploited material nonpublic information and tried to shield himself with a rule designed to ensure a fair and level playing field for all investors. With this indictment, we again affirm that the law applies equally to all and that corporate executives who unlawfully denigrate the integrity of our financial markets will be held accountable.”

China has ordered closer adherence to the dictates of the ruling Communist Party and leader Xi Jinping in legal education, demanding that schools “oppose and resist Western erroneous views” such as constitutional government, separation of powers, and judicial independence. The order was dated Sunday, a week before China’s ceremonial parliament begins its annual session and reinforces the leading role on…

The White House Office of Management and Budget issued guidance on Monday giving all federal agencies 30 days to wipe TikTok from employees’ devices. Mandated by Congress, the move follows similar guidance by the Pentagon, Department of Homeland Security, and the State Department, all of which cited alleged data harvesting by the Chinese-developed app. “How unsure of itself can the world’s top superpower be to fear a favorite app of young people like that?” Chinese Foreign Ministry spokeswoman Mao Ning told a press briefing on Tuesday.