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NEW YORK, May 15 (Reuters) - A former associate of Rudy Giuliani is suing him for sexual assault and other wrongdoing, accusing Donald Trump's former personal lawyer of hiring her to fulfill his desire for a sexual relationship. Through this case, Ms. Dunphy seeks a measure of justice from a man who thought his power and connections rendered him untouchable." The lawsuit seeks at least $10 million in damages from Giuliani and three of his namesake companies. Dunphy had filed a related "summons with notice" against Giuliani in January, seeking $3.1 million. The case is Dunphy v Giuliani et al, New York State Supreme Court, New York County, No.

Critics have said such awards encourage frivolous lawsuits and excessive fees going to class action attorneys who may seek to benefit their own interests instead. The Supreme Court in 2019 sidestepped resolving a challenge to cy pres awards in a case involving Google. Conservative Justice Clarence Thomas, dissenting in that case, called cy pres settlements "unfair and unreasonable." Monsanto has called the group, which advocates against what it considers abusive class action procedures, a "serial objector to class-action settlements." The group said in court papers that further steps could have taken to distribute the settlement award to class members.

WASHINGTON, May 12 (Reuters) - Google, a unit of Alphabet (GOOGL.O), has agreed to pay $8 million to settle claims it used deceptive advertisements to promote the Pixel 4 smartphone, Texas Attorney General Ken Paxton announced on Friday. In this instance, Paxton's office alleged that Google hired radio announcers to give testimonials about the Pixel 4 even though the company had refused to allow them to use one of the phones. "If Google is going to advertise in Texas, their statements better be true," Paxton said in a statement. "In this case, the company made statements that were blatantly false, and our settlement holds Google accountable for lying to Texans for financial gain." Google said in a statement that it takes compliance with advertising laws seriously.

☆ The SEC just paid out nearly $279 million to a tipster in its largest-ever award. Here's an inside look at the crazy world of whistleblower lawsuits.
▼ + stars: | 2023-05-08 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +11 min

The regulator announced a nearly $279 million award to a whistleblower on May 5, more than double the previous record of $114 million awarded in October 2020. When whistleblower information leads to settlements, tipsters can earn between 10 and 30 percent of the financial penalties paid by wrongdoers. When whistleblower information leads to settlements, the tipsters can earn a percentage of the financial penalties paid by wrongdoers. The tipster's law firm, Kirby McInerney, worked with state authorities on the investigation after "Tooley's" lawsuit was filed. This means tax-fraud whistleblowers will increasingly look for ways to bring their tips to New York law enforcement to be more involved in the investigation process.

However the 5th Circuit rules, the case will likely continue for months or years. HOW DID THE CASE GET TO THE 5TH CIRCUIT? WHAT COULD THE 5TH CIRCUIT DO? No matter what the court does, the losing party will have a chance to appeal to the full 5th Circuit and then to the U.S. Supreme Court. Once it does come, the losing side will again have the chance to appeal to the 5th Circuit and, eventually, the Supreme Court.

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☆ Lawyers Expect More Anti-Money-Laundering Whistleblowers Thanks to Legislation
▼ + stars: | 2023-01-12 | by ( Mengqi Sun | ) www.wsj.com time to read: +4 min

The Treasury Department’s anti-money-laundering whistleblower program, which was established in 2021 but has been viewed as lacking teeth, got a shakeup in the recent omnibus spending bill that lawyers predict will result in more whistleblower cases. The 2021 defense bill establishing the program laid out a maximum 30% cut for the whistleblower but listed no minimum. The new legislation also sets up a revolving fund at the Treasury Department used to pay whistleblowers with money collected from enforcement actions based on their tips. The overhauled whistleblower program will strengthen FinCEN’s enforcement capability, said Jason Zuckerman, a whistleblower lawyer at Zuckerman Law in Washington. “Creating a credible anti-money-laundering whistleblower program will encourage whistleblowers to come forward.”Write to Mengqi Sun at mengqi.sun@wsj.com

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☆ Remote Workers Are Blowing the Whistle, Employees Exposing Companies
▼ + stars: | 2022-12-20 | by ( Britta Lokting | ) www.businessinsider.com time to read: +12 min

The Securities and Exchange Commission — which implemented a whistleblower program in 2011 and where Haugen and others have sent documents — has received a historic jump in complaints over the past few years. How remote work sparked a flood of whistleblowersAs the pandemic spread and workers retreated to their makeshift home offices, employees began to reconsider their relationship with work. MacGann, the Uber whistleblower, told Politico that it wasn't until the pandemic that he "had time on his hands" to really ponder his decision to come forward about the ride-hailing company's treatment of workers. Remote work, she explained, helps to remove some of those barriers to whistleblowing. In addition to the record-breaking number of tips, the SEC whistleblowing program awarded $229 million in 103 cases this year.

☆ In the U.S., you can legally 'be fired for any reason or no reason at all'—here's why
▼ + stars: | 2022-12-07 | by ( Gili Malinsky | ) www.cnbc.com time to read: +6 min

Here's how at-will employment works, why it's the de-facto system in America, and how other countries handle their workforce. 'You can be fired for any reason or no reason at all'Loosely defined, at-will employment "means that you can be fired for any reason or no reason at all," says Najah Farley, senior staff attorney at the National Employment Law Project. 'Your boss can't be flirting with you and then fire you'There are several exceptions under which employees can't be fired. Union membership: Many workers who are part of a union are also an exception to the at-will employment system. At-will employment is uncommon around the worldMost countries in the world do not have an at-will employment system.

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☆ Shinhan Financial’s U.S. Unit Ordered to Beef Up Money Laundering Oversight
▼ + stars: | 2022-11-25 | by ( Richard Vanderford | ) www.wsj.com time to read: +3 min

Shinhan Bank America neither admitted nor denied any allegations of unsound banking practices or violations of the law, the order, which was issued with Shinhan Bank America’s consent, said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEWShinhan Bank America operates 15 branches in the U.S., mostly in places with relatively large Korean populations, including New York, California, Texas and Georgia. The FDIC also ordered Shinhan Bank America to adopt an effective training program to educate its staff on AML policies and to validate its suspicious-activity monitoring system. Mr. Song in his lawsuit said the then-chief executive of Shinhan Bank America demanded that he alter an internal audit report’s conclusion that Shinhan Bank America had an unsatisfactory AML program.

☆ FTX: Customers who trusted crypto giant may be left with nothing
▼ + stars: | 2022-11-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But a liquidity crunch last week forced FTX to halt withdrawals, leaving customers and investors in limbo. In theory, FTX’s customers should get a cut of what’s left of the company’s assets at the end of the bankruptcy process. And FTT coins, the crypto token issued by FTX, have lost more than 90% of their value over the past week.) But I think this is actually good for the industry long-term.”The giant crypto exchange briefly emerged as a lifeline for FTX before reversing course last week. Correction: An earlier version of this article misstated the name of the law firm Loeb & Loeb.

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☆ What to do when something at work goes against your moral code — and your boss doesn't care
▼ + stars: | 2022-10-29 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

This week's letter is from a manager whose colleague has lied and his boss doesn't care. Experts say he's experiencing moral injury — when an event or behavior violates your values. I'm a bank procurement manager who's dealing with a difficult situation with one of my colleagues, "Melanie." Most research related to moral injury concerns members of the military, as combat and war create situations that might conflict with people's moral and ethical values. There's no easy remedy for moral injury.

☆ Breakingviews: Twitter deal sadly upholds primacy of shareholders
▼ + stars: | 2022-10-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

After more than six months of ping-ponging, second-guessing, whistleblowing, arguing and mud-throwing, Elon Musk on Thursday closed his $44 billion deal to buy Twitter (TWTR.N). The social media firm, its employees, its new owners, its creditors and the rest of the world are probably worse off. If Twitter shares had followed the same trajectory as social media rival Snap (SNAP.N) since March 31, losing more than 80%, its investors would be some $38 billion worse off. If capitalism is about maximising value for the almighty shareholder, regardless of the consequences for other stakeholders, the Twitter saga upholds that primacy. loadingCONTEXT NEWSElon Musk completed his deal to buy social media firm Twitter for $44 billion on Oct. 27.

☆ Whistleblowers dodged $10 bln in EU cartel fines in past 16 years
▼ + stars: | 2022-10-25 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, Oct 25 (Reuters) - Companies that alerted European authorities to cartels in the last 16 years dodged 10 billion euros ($9.97 billion) in potential fines, EU antitrust regulators said on Tuesday as they announced efforts to encourage more whistleblowing. Launched in 1996 and revised several times since then, the European Commission's leniency programme offers the first company that reports wrongdoing total immunity from fines while those that subsequently come forward with evidence can get discounts up to 50%. It said the total amount of fines imposed during the same period was 15 billion euros. Making it even easier for whistleblowers to test the water before committing themselves to the procedure, the leniency programme allows companies to start informal talks with the EU competition enforcer without disclosing their names and the sector they are in. They can also make a hypothetical application with details of wrongdoing to see if they qualify for reduced fines.

☆ Goldman, banker agree settlement terms over London dismissal lawsuit
▼ + stars: | 2022-10-22 | by ( Kirstin Ridley | ) www.reuters.com time to read: +1 min

LONDON, Oct 22 (Reuters) - Goldman Sachs and a banker are drawing a line under a London lawsuit over the former employee's dismissal last year with no financial value attached to whistleblowing claims, both parties have confirmed. A lawyer for Thomas Doyle, the bank's former EMEA head of synthetic swap sales, on Saturday confirmed that settlement terms had been reached over ordinary unfair dismissal claims. Register now for FREE unlimited access to Reuters.com RegisterThe bank countered that Doyle had made no real protected disclosures and was trying to circumvent a statutory cap of roughly 90,000 pounds for unfair dismissal by also bringing an uncapped whistleblowing claim. A spokesman for Goldman has said the parties had reached an agreement in principle. ($1 = 0.8848 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Kirstin Ridley; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman says ex banker's $23 mln whistleblower claim 'lamentable'
▼ + stars: | 2022-10-18 | by ( Kirstin Ridley | ) www.reuters.com time to read: +2 min

LONDON, Oct 18 (Reuters) - A former Goldman Sachs banker and self-proclaimed whistleblower is suing his former employer for more than 20 million pounds ($23 million) for unfair dismissal in a London claim the Wall Street bank has labelled "cynical" and "lamentable". The bank said the claim by Thomas Doyle, its former EMEA head of synthetic swap sales who is suing Goldman Sachs International and four senior bankers, was "scarcely believable". Goldman Sachs alleges that Doyle made no real protected disclosures during his tenure and is trying to circumvent a statutory cap of roughly 90,000 pounds on damages for unfair dismissal by bringing an uncapped whistleblowing claim. "This claim is a cynical and transparent attempt to contrive a whistleblowing claim where none exists in order to circumvent the statutory cap of damages," it alleged. Should Doyle win this stage of his case, a further hearing will establish the level of any damages.

☆ Ex Goldman banker claims he was "fired for whistleblowing"
▼ + stars: | 2022-10-17 | by ( Kirstin Ridley | ) www.reuters.com time to read: +3 min

Doyle, who says he joined Goldman in December 2018 with an exemplary market reputation, named Goldman Sachs International and four senior Goldman bankers in a lawsuit being heard in the Central London employment tribunal. Register now for FREE unlimited access to Reuters.com RegisterA Goldman Sachs spokesperson dismissed the allegations as unfounded and said the case would be "resolutely contested". In the filing, Doyle alleges the managing partner said subsequently that he did not think he would have used expletives in a management meeting. But the manager accepted he had told Doyle to stop behaving like a child, using another expletive, the filing alleged. But Goldman only called him into a meeting after he was told his employment was effectively over, Doyle alleges.

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