- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-03-30T21:29:00
A former chief compliance officer who pleaded guilty to aiding widescale opioid distribution at a wholesale pharmacy where he worked received no jail time after testifying against his former chief executive officer.
William Pietruszewski, the former CCO of Rochester Drug Co-operative (RDC), was spared jail time by Judge George Daniels of the Southern District of New York in a ruling Wednesday. Pietruszewski’s testimony aided the Department of Justice’s (DOJ) case against former RDC CEO Laurence Doud III, who was sentenced to two years and three months in prison earlier this month.
The Pietruszewski ruling was confirmed by his legal representatives at Porzio Bromberg & Newman in a press release.
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2024-09-13T18:06:00Z By Adrianne Appel
Former executives of Medly, an online pharmacy that is now shuttered, have been charged by the Securities and Exchange Commission with defrauding investors.
2023-03-14T20:53:00Z By Adrianne Appel
The Department of Justice announced its intervention in a lawsuit alleging retail pharmacy chain Rite Aid filled hundreds of thousands of prescriptions for medically unnecessary oxycodone and other opioids in violation of multiple federal laws.
2022-11-15T18:29:00Z By Kyle Brasseur
Walmart announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
2025-04-11T08:00:00Z By Adrianne Appel
Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report suspicious activity. The move marks the latest in a string of recent state and federal enforcement actions against the company.
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