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Top related persons:
Clarence Thomas - 1 Thomas Proctor - 1 Tracy Schutte - 1 Michael Yarberry - 1 SuperValu - 1 Joe Biden's - 1 John Kruzel - 1 Will Dunham - 1
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Chicago
Top related orgs:
U.S - 1 Supreme - 1 Safeway Inc - 1 Albertsons Companies Inc - 1 SuperValu Inc - 1 United Natural Foods Inc - 1 Government - 1 Conservative - 1

Search resuls for: "United Natural Foods Inc"


2 mentions found


☆ U.S. Supreme Court gives boost to whistleblowers in drug pricing case
  + stars: | 2023-06-01 | by ( John Kruzel | Industry Insight | How Law Firms Calculate Greenhouse Gas Emissions | ) www.reuters.com   time to read: +3 min
WASHINGTON, June 1 (Reuters) - The U.S. Supreme Court on Thursday gave a boost to whistleblowers in their bid to revive lawsuits accusing pharmacy operators of knowingly overbilling government health insurance programs for prescription drugs at taxpayers' expense. Whistleblower advocacy groups as well as a number of states had said a Supreme Court ruling against the whistleblowers would make it easier for fraudsters to evade accountability for filing false claims to the government and risked undermining state-administered Medicaid programs. They also said both companies knew they were defrauding the government and worked to conceal their pricing practices. President Joe Biden's administration backed the whistleblowers in their appeal to the Supreme Court. Lawyers for the administration urged the justices to reverse the 7th Circuit, saying the ruling undermined the False Claims Act.
Persons: Clarence Thomas, Thomas Proctor, Tracy Schutte, Michael Yarberry, SuperValu, Joe Biden's, John Kruzel, Will Dunham Organizations: U.S, Supreme, Safeway Inc, Albertsons Companies Inc, SuperValu Inc, United Natural Foods Inc, Government, Conservative, Safeway, Circuit, Lawyers, Thomson Locations: Chicago
☆ Costco Gets a Boost as Impact of Last-In, First-Out Accounting Fades
  + stars: | 2023-03-15 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: 1 min
Costco is seeing a slight decline in inflation, according to the retailer’s finance chief. With inflation stuck at high levels, some U.S. companies’ use of an accounting method that lowers their federal tax bill has increased costs and hit earnings. But for retail giant Costco Wholesale Corp., it is a different story. Companies including wholesale specialty foods distributor United Natural Foods Inc. and grocery chain Kroger Co. have recently announced last-in, first-out accounting—also known as LIFO—charges. Costco, meanwhile, had no LIFO charge for the quarter ended Feb. 12, compared with a $71 million charge a year earlier as the company sees some inflationary relief, said Chief Financial Officer Richard Galanti .
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