Justice Department | featured news

Goldman Sachs Will Not Face Criminal Charges: Justice Department

The U.S. Justice Department said it will not pursue criminal charges against Goldman Sachs Group Inc or its employees related to accusations that the firm bet against the same subprime mortgage securities it was selling to clients.

 

Wells Fargo to pay $175M in lending settlement

Wells Fargo

Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.

 

GlaxoSmithKline to pay $3B for health fraud

British drugmaker GlaxoSmithKline will pay $3 billion in fines - the largest health care fraud settlement in U.S. history - for criminal and civil violations involving 10 drugs that are taken by millions of people. The Justice Department said Monday that GlaxoSmithKline PLC will plead guilty to promoting popular antidepressants Paxil and Wellbutrin for unapproved uses. The company also will plead guilty to failing to report to the government for seven years some safety problems with diabetes drug Avandia, which was restricted in the U.S. and banned in Europe after it was found in 2007 to sharply increase the risks of heart attacks and congestive heart failure.

 

Fast and Furious Contempt Citation for Holder

The House voted to hold Attorney General Eric H. Holder Jr. in contempt for failing to disclose internal Justice Department documents in response to a subpoena.

 

Barnes & Noble Objects to E-Book Settlement

Barnes & Noble

Barnes & Noble told the U.S. Justice Department that a proposed price-fixing settlement with several major book publishers will hurt the company and consumers.

 

U.S. adds muscle to financial fraud investigations

An Obama administration task force probing misconduct that fueled the financial crisis is increasing its ranks, adding five financial analysts and 10 new federal prosecutors spread across the country, according to a senior Justice Department official.

 

DOJ sues AT&T over Nigerian scam

The Justice Department is accusing AT&T of improperly billing a federal subsidy fund for calls made by Nigerian scam artists, in a lawsuit announced today. AT&T allegedly sought reimbursement from the Telecommunications Relay Services Fund for calls it knew were not eligible for the subsidy, particularly from foreign callers who sought to defraud U.S. merchants, according to the Justice Department. The fund is administered by the FCC for “IP Relay” calls, in which hearing-impaired people make telephone calls to hearing people via Internet messages that are facilitated by IP Relay providers.

 

Court-appointed counsel issues report harshly critical of Stevens prosecutors

A blistering new report reveals details about the intentional mishandling of evidence and other missteps by Justice Department attorneys in the flawed prosecution of then-Sen. Ted Stevens.

 

Government asks judge to approve landmark settlement over banks’ foreclosure practices

Foreclosure Settlement

Government officials on Monday asked a federal judge to approve a landmark settlement with some of the nation’s largest banks over flawed and fraudulent foreclosure practices, more than a month after they announced the $26 billion deal with fanfare at the Justice Department.

 

Justice Department bars Texas voter ID law

The Justice Department has blocked a new law in Texas requiring voters to show a photo ID, saying that it disproportionately harms Hispanic residents. The action is the second time in three months that the Obama administration has blocked a state voter ID law. In December, the Justice Department struck down South Carolina’s new law requiring photo identification at the polls, saying it discriminated against minority voters.

 

Subscribe to this RSS topic: Syndicate content