The False Claims Act “really encourages a lot of speculative litigation that unfortunately a lot of companies end up having to settle, because they are such an expensive type of case to litigate,” ILR Senior Vice President Matt Webb told the Pittsburgh Post-Gazette.
Credit Suisse agreed to pay $196 million to settle SEC charges that it failed to register with the agency. The bank admitted guilt in the case, becoming the fifth defendant to do so since the SEC modified its policy that allowed companies to ‘neither admit nor deny’ guilt during settlements. New York Times
The Delaware Supreme Court upheld the dismissal of a lawsuit against DuPont over alleged injuries at an Argentinian plant, finding that a lower court correctly ruled that Delaware was not the proper forum for the case. Associated Press