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Faruqi Law Blog

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Tenet Hospitals To Pay $514M To Settle Kickback Scheme Involving Pregnant Undocumented Women

October 31st, 2016

Tenet Healthcare Corporation and two of its Atlanta-area subsidiaries have agreed to pay over $513 million to resolve criminal and civil claims accusing the hospitals of paying kickbacks in exchange for referrals of pregnant, undocumented Medicaid patients. The two Tenet subsidiaries also agreed to plead guilty to conspiracy to defraud the government. According to the criminal complaint, Tenet...

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FedEx to Pay $15.4 Million to Settle Drivers’ Class Action

October 24th, 2016

The Oregon Federal District Court approved a $15.4 million settlement in which FedEx will pay $500 to over $100,000 to approximately 400 delivery drivers.  FedEx drivers filed suit in 2005 alleging that the company misclassified them as independent contractors and failed to pay overtime and other wages.  The case is part of a larger series of lawsuits filed by FedEx drivers in about 40...

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Are “Robo” Advisors Fiduciaries?

October 20th, 2016

The Financial Industry Regulatory Authority’s (“FINRA”) report on Digital Investment Advice seems to bolster the argument made by many in the securities industry that “robo” advisors (online portfolio management services that provide advice without the use of human financial advisors or financial planners) do not provide fiduciary advice.  FINRA’s report outlines how developments...

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FINRA: Beware of Follow-Up Scams

October 19th, 2016

The Financial Industry Regulatory Authority (“FINRA”) recently warned investors to be wary of companies that “approach victims of investment fraud claiming that, for a fee, they can help them recover the sums invested or the losses incurred on unlawfully operating trading platforms.”. This type of sales pitch may be indicative of a fraudulent scheme known as a “recovery room.”...

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45 Days Until FLSA Overhaul Takes Effect

October 18th, 2016

The Final Overtime Rule takes effect on December 1, 2016, and extends overtime protection to 4.2 million employees who are currently deemed exempt under the FLSA.  The Final Rule more than doubles the qualifying salary threshold for the Executive, Administrative or Professional (“EAP”) exemptions to overtime.  The Final Rule also updates the salary levels of employees deemed exempt under...

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