Court Battles

Court shuts investment firms out of FDIC lawsuit

A federal court tossed out an appeal on Tuesday from more than 25 hedge fund and investment firms worried of losing money to bigger Wall Street players after the 2008 downfall of Washington Mutual Bank.


Court rejects challenge to EPA pollution rules

A court-ordered agreement between regulators and environmental groups to issue updated regulations on the waste runoff from power plants will go forward, a federal court said Tuesday.

The court rejected a request from the energy industry to overturn the consent order from 2010 that forced the Environmental Protection Agency (EPA) to use its powers under the Clean Water Act to review rules for power plant emissions.


Biotech firm pays in whistleblower fraud settlement

A global biotechnology company has agreed to pay $24.9 million to settle allegations that it paid off pharmacy providers to get patients to switch to its own drug.

Amgen, based out of California, will pay the the settlement to resolve charges that it gave kickbacks to three long-term care pharmacy providers to implement a program designed to get Medicare and Medicaid beneficiaries to switch to Aranesp, a drug used to treat the blood disorder anemia.

The Department of Justice claims the company gave performance-based rebates to the pharmacy providers in exchange for getting people to switch to the drug.