While the world’s top cyclists prepare to race across the French countryside and charge up the Alps next month, disgraced former Tour de France champion Lance Armstrong may be watching from the offices of his law firm.
American International Group Inc. defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, a former executive claimed in a lawsuit.
Oracle Corp., the world’s second- biggest software maker, was sued today by the U.S. Justice Department, which claimed the company overcharged the government on a contract worth hundreds of millions of dollars.
EMC Corp. , the world’s biggest maker of storage computers, paid the U.S. $87.5 million to settle a lawsuit alleging that the company violated the False Claims Act and the federal Anti-Kickback Act, the U.S. Justice Department said.
Amedisys Inc., one of the largest U.S. home-nursing providers, will pay $150 million to settle claims that it falsely billed Medicare, just as the health-care overhaul is threatening revenue from the insurance program for the elderly.