David Herman

Articles by this author

SEC Says Gold Mining SPAC Ex-CFO Orchestrated $5M Fraud...

According to court records, Cooper Morgenthau has pled guilty to embezzling funds from the three SPACs he founded. For violating the Securities Act and the Exchange Act, the Securities...

FTC Cracks Down on Illegal Noncompete Restrictions for Thousands...

The Federal Trade Commission (FTC) won three quick cases against companies imposing harsh noncompete clauses on their employees. In a statement, they say these restrictions hurt workers and new...

Farm Labor Company Owner Sentenced to 118 Months in...

According to the Department of Justice, a business owner has been sentenced  to 118 months in prison with three years of supervised release and to pay over $175,000 in...

DOJ Files Nationwide Lawsuit Against AmerisourceBergen and Subsidiaries for...

On Friday, the United States filed a complaint against AmerisourceBergen Corporation as well as two of its subsidiaries for perpetuating the opioid epidemic. It alleges that the company...

Direct Purchasers Settle Novartis-Par Hypertension Drug Reverse Payment Litigation...

The direct purchasers in the ongoing antitrust litigation against Novartis Pharmaceuticals Corporation and Novartis AG have submitted a proposed settlement of nearly $127 million. On Wednesday, the plaintiffs,...

Cardiac Monitoring Cos. to Pay $44.8M to Resolve False...

The Department of Justice (DOJ) fined BioTelemetry Inc., and its subsidiary CardioNet LLC, nearly $45 million for violating the False Claims Act. The federal government claims Cardionet illegally...