Businesses woo customers. But when the “customer” is a fiduciary acting on behalf of the “beneficiaries” of that fiduciary duty, the wooing better be solely for the benefit of the beneficiaries. Despite this clear, well-establ… Read More

Insurance Commissioner Dave Jones announced last week that California has joined a whistleblower lawsuit against Bristol-Myers Squibb Co., which alleges that the pharmaceutical giant bribed medical doctors to prescribe its drugs. This is described to… Read More

We have grown accustomed to corporate executives lining their own pockets when making virtually any business decision, whether it benefits the corporation or not. When it comes to managing a employee benefit plan, however, acting under such self-inte… Read More

Almost 2 years before Enron declared bankruptcy and created one of the largest financial meltdowns in history, a whistleblower tipped off the Internal Revenue Service (IRS) that the company was using illegal tax shelters to generate income. After nea… Read More

An Employee Stock Ownership Plan is an employee benefit plan recognized under federal law. An ESOP provides employees with “beneficial” title to stock in the corporation where they are employed. Such stock is held in trust, with the ̶… Read More

On Wednesday, March 9, 2011, congressional hearings revealed that officials at the Centers for Medicare and Medicaid Services (CMS) have developed plans for an increase in scrutiny for new providers joining these programs, as opposed to going after f… Read More

True “pensions” are becoming a thing of the past for private sector employees. There was a time when most employees received a guaranteed monthly pension benefit for as long as they lived. Their retirement was secure. Now, by contrast, mo… Read More

The SEC (Securities and Exchange Commission) Whistleblower Office announced the appointment of a new leader on February 18, 2011. Sean McKessy will head the new whistleblower office in the Division of Enforcement. Administration of whistleblower prov… Read More