Posts Tagged 'fraud'

New Civil Suits Filed Against 3M for Earplug Fraud

civil suits filed against 3m over faulty earplugsTwo United States Army veterans have filed civil suits against 3M for injuries they’ve sustained as a result of the corporation’s design and manufacturing of faulty earplugs and then knowingly selling them to the US government.

Earlier this year, 3M settled with the government after a whistleblower contacted officials and informed them that not only was it buying faulty earplugs to protect the hearing of its ...

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Volkswagen Dealers Reach Settlement Over Cars and Reputations

volkswagen reaches settlement with dealers over emissions scandalContrary to common belief, car dealers are generally not affiliated with the manufacturers of the vehicles they sell. Cars sitting on a dealer’s lot were purchased by that dealer to be re-sold to the public. It is essentially a retail relationship except the items are large, heavy, complicated, and cost tens of thousands of dollars.

So what happens when a dealer buys a parking lot full of Volkswagens, only to ...

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Judge Approves Merck Settlement of Fraud Claims

Merck to pay $688 million for defrauding investors.On a day that Merck announced its intent to lay off 8,500 employees, a federal judge approved a settlement in which Merck agreed to pay $688 million for allegedly defrauding shareholders.

Merck agreed to pay this amount in order to resolve a class action lawsuit in which it was alleged that the company withheld adverse results of a clinical trial of Vytorin and Zetia, two anti-cholesterol drugs. The purpose of the ...

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