White Collar

Ex-Airport X-Ray Exec Hit With Insider Trading Charges

A former executive for airport X-ray developer OSI Systems has been charged with using his inside knowledge of OSI and another company to earn more than half a million dollars on illegal securities transactions, federal prosecutors in California said Thursday, months after securities regulators sued over the same transactions…

Read this piece in its entirety at Law360.

DOJ’s $700M Deal Lets 1MDB Suspect’s Lawyers Keep $15M

The U.S. Department of Justice announced a deal on Wednesday aimed at resolving suits seeking to seize assets stolen from the 1Malaysia Development Berhad sovereign investment fund, with $15 million of the expected $700 million recovery being set aside to pay lawyers for a key suspect in the scandal…

Read this piece in its entirety at Law360.

Drugmakers Ink $242M Settlement In Ill. Medicaid Fraud Case

A group of major pharmaceutical companies has agreed to pay a combined $242 million to resolve allegations they bilked Illinois’ government by inflating prices for medicines covered by the state’s Medicaid program, the Prairie State’s attorney general announced Monday…

Read this piece in its entirety at Law360.