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Latest Department of Justice Stories

2012-12-06 16:20:49

CLEVELAND, Dec. 6, 2012 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG) announced today that the Company, its subsidiary, TransDigm Inc., and Goodrich Corporation, a subsidiary of United Technologies Corporation (UTC), have mutually agreed to terminate the previously announced asset purchase agreement between them dated October 25, 2012, pursuant to which TransDigm would acquire the pump & engine control systems business of Goodrich (GPECS), for approximately $236 million in...

2012-11-19 08:27:49

CHARLOTTE, N.C., Nov. 19, 2012 /PRNewswire/ -- MedCath Corporation announced today that it has extended its Tolling Agreement with the U.S. Department of Justice (the "DOJ") until April 30, 2013. The Tolling Agreement, which expired October 31, 2012, tolls or suspends the statute of limitations for allegations related to the DOJ's industry-wide investigation of implantable cardioverter defibrillator ("ICD") implantations. The DOJ requested that MedCath extend the Tolling Agreement until April...

2012-11-15 12:30:31

More Than 70 Actions Brought By FTC and Its Law Enforcement Partners WASHINGTON, Nov. 15, 2012 /PRNewswire-USNewswire/ -- The Federal Trade Commission today announced seven new law enforcement actions and developments in five other FTC cases involving scams that falsely promise jobs and opportunities to "be your own boss" to people are unemployed or underemployed. Six of the new FTC actions are the first cases brought under the FTC's recently updated Business Opportunity Rule, which...

Marijuana Law Reform Will Not Change Fed Stance
2012-10-22 05:34:25

redOrbit Staff & Wire Reports - Your Universe Online If voters in the states of Colorado, Oregon, and Washington vote to legalize marijuana on November 6, it could set the stage for a potential showdown with the federal government, who according to one official will not change its stance on the drug's status regardless of how those elections turn out. According to Reuters reporter Alex Dobuzinskis, Deputy Attorney General James Cole told "60 Minutes" that the Justice Department's...

2012-10-16 15:23:51

NEW YORK, Oct. 16, 2012 /PRNewswire/ -- In a seminal case, the federal government has recovered millions of dollars that RX America allegedly claimed for inflated costs for elderly patients' prescriptions under Medicare Part D. RX America has agreed to pay $5,250,000 to settle claims that it used a bait and switch scheme to induce elderly Americans to choose the RX America prescription plan. RX America represented certain prices for drugs, only to charge higher prices at the point...

2012-10-09 11:24:48

NEW YORK, Oct. 9, 2012 /PRNewswire-USNewswire/ -- National writers' organizations representing authors of books in a variety of genres believe a secret deal between Google and major book publishers may encourage Google to digitize, use, and sell copyrighted books illegally. The writers' groups ask the Department of Justice to review whether the terms of the secret deal may violate Federal antitrust law. Google and the Association of American Publishers (AAP) announced October 4 that they had...

2012-09-25 06:20:07

ALEXANDRIA, Va., Sept. 25, 2012 /PRNewswire/ -- Tea-leaf readers who hoped that forthcoming federal Department of Justice (DOJ) guidelines would signal an eased approach to the enforcement of the Foreign Corrupt Practices Act (FCPA) are likely to be disappointed, warned Michael Volkov, a shareholder in LeClairRyan's Alexandria office and a member of the national law firm's compliance, investigations and white collar criminal defense practice area team. But the DOJ may revisit some other...

2012-09-24 10:24:38

BROOKLYN, N.Y., Sept. 24, 2012 /PRNewswire-USNewswire/ -- The United States Department of Justice's (DOJ) Bureau of Justice Assistance (BJA) Director Denise E. O'Donnell will announce more than $11 million in funding to address neighborhood-level crime in fifteen communities nationwide. The announcement will take place at the Stone Avenue Branch of the Brooklyn Public Library, on TUESDAY, SEPTEMBER 25, 2012, at 11:45 a.m. The event will include remarks from DOJ officials and local...

New iPad Could Have AO Optronics Panel: Rumor
2012-09-13 07:15:21

Michael Harper for redOrbit.com — Your Universe Online In March, Taiwanese display maker AU Optronics was convicted by the US Department of Justice on claims of fixing the prices of LCD screens. According to the DOJ´s accusations, executives from AUO and AUOA, the American subsidiary of the Taiwanese company, met every month with other LCD suppliers in what the company referred to as “Crystal Meetings” over a span of 5 years to adjust their prices. On Tuesday, the...

2012-08-31 02:24:11

WASHINGTON, Aug. 31, 2012 /PRNewswire/ -- Survivors and families who lost loved ones in the 1983 Beirut bombing will sponsor ads during the Democratic National Convention, suggesting that President Obama can stop almost 30 years of injustice by ordering the Justice Department to cease working with Iranian lawyers to keep Iran from paying court ordered judgments for its role in the bombing. Beginning Monday, the ads will appear in The Washington Post, on Politico 44 and in a shared...