Ericsson Pleads Guilty to FCPA Violations in $1 Billion Settlement

Swedish telecom giant Telefonaktiebolaget LM Ericsson has pleaded guilty to violating the Foreign Corrupt Practices Act (FCPA), in a $1 billion settlement with the United States Department of Justice (DOJ). The settlement relates to a series of improper payments made by Ericsson to foreign officials around the world, as well as attempts to cover up those payments. Additionally, a subsidiary of Ericsson, Ericsson Egypt Ltd., also pleaded to additional charges. Continue reading “Ericsson Pleads Guilty to FCPA Violations in $1 Billion Settlement”

Medical Manufacturer Settles Whistleblower Suit for $37.5 Million

A California-based manufacturer of durable medical equipment (DME) has settled a lawsuit brought against it by the Department of Justice (DOJ) for $37.5 million. The suit accused the company of violating the Anti-Kickback Statute of the False Claims Act, alleging they had paid money, and offered other incentives, to those that offered their equipment. The suit came about due to whistleblowers at the company reporting their practices to the DOJ, and a part of the settlement is directed to redressing whistleblower grievances. Continue reading “Medical Manufacturer Settles Whistleblower Suit for $37.5 Million”

CDC Issues Guidance That Coronavirus Does Not Justify Discrimination

The Centers for Disease Control and Prevention (CDC) has issued legal guidance with respect to people’s reactions to the outbreak of the coronavirus in China. Namely, they wish to remind businesses that Title VII of the Civil Rights Act prohibits discrimination on the basis of national origin and race, and that such rules are still in effect. In particular, they want to emphasize that the coronavirus can infect anyone, and people of Asian descent should not be singled out as being more likely to carry the disease. Continue reading “CDC Issues Guidance That Coronavirus Does Not Justify Discrimination”

Proposed Law Would Invalidate Most Non-Compete Agreements

breach of contractA bill currently sitting in committee in the United States Senate would make most non-compete agreements invalid. Known as the Workforce Mobility Act, the bill would broadly prohibit non-compete clauses in employment contracts, with a handful of exceptions. While the bill is currently sitting in committee, if passed, it would have a major impact on employment contracts around the country. Continue reading “Proposed Law Would Invalidate Most Non-Compete Agreements”

Former Nissan Executive Ghosn Escapes House Arrest, Flees to Lebanon

stock chartCarlos Ghosn, a former executive at auto manufacturer Nissan, has fled to Lebanon after apparently escaping house arrest in Japan. Ghosn was arrested in 2018 after, it was alleged, he committed numerous financial crimes, including misusing company assets and embezzling company money for his own personal investments. The exact details of his escape remain unclear, but his flight to Lebanon has made it unlikely he will return to face prosecution in Japan. Continue reading “Former Nissan Executive Ghosn Escapes House Arrest, Flees to Lebanon”

Swiss President Declares Facebook Libra Cryptocurrency “Failed”

Facebook thumbs-downFacebook’s new proposed cryptocurrency, known as Libra, has faced numerous hurdles in the lead up to its launch sometime in 2020. Among those hurdles has been the inability to convince a single country’s central bank to accept Libra, making it unlikely that the cryptocurrency will be able to be used as an actual currency. This led Ueli Maurer, the President of Switzerland, to declare Libra had “failed” in its current form. Continue reading “Swiss President Declares Facebook Libra Cryptocurrency “Failed””

Garrett Motion Sues Former Parent Company Over Asbestos Liability

asbestosGarrett Motion, a former subsidiary of Honeywell International, Ltd., is suing Honeywell over an indemnification agreement it signed prior to being spun off from Honeywell. The indemnification agreement requires Garrett to indemnify Honeywell against costs and liabilities related to car brakes Honeywell once manufactured that contained asbestos. Garrett claims the agreement is unlawful and has decided to sue after nearly a year of unsuccessful negotiations with Honeywell. Continue reading “Garrett Motion Sues Former Parent Company Over Asbestos Liability”

Avoiding a Conflict of Interest

conflict of interestAs a company grows larger, it acquires more assets, more employees, and a larger share of the market. However, that same increase in size also brings with it many additional complications, especially when it comes to the people who run the company. With many directors, officers and executives holding investments in other companies, or even positions in other companies, it’s very easy to wind up with a conflict of interest. Continue reading “Avoiding a Conflict of Interest”

Mediation as a Tool for Businesses

alternative dispute resolutionAlternative dispute resolution is an all-too-often overlooked tool for businesses, and mediation in particular often gets short shrift. Mediation offers many potential advantages to business owners seeking to resolve their disputes, either with other businesses or with their own employees. It can be worth considering the next time you find yourself in a legal or financial dispute as a business owner. Continue reading “Mediation as a Tool for Businesses”

Four Ways to Resolve a Breach of Contract

breach of contractBusinesses can live and die based on their reputations for abiding by their contracts. Nevertheless, there are constantly situations where businesses accuse one another of a breach of contract, whether due to negligence, malfeasance, or a simple misunderstanding. When that happens, there are a few possible ways to resolve the dispute. Continue reading “Four Ways to Resolve a Breach of Contract”