- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-01-22T16:00:00
Oil and gas company Hilcorp San Juan agreed to pay $34.6 million as part of a settlement with the Department of Justice (DOJ) addressing allegations of False Claims Act violations regarding underpaid royalties on oil and natural gas produced from federal lands.
The settlement, announced Friday, resulted from a U.S. investigation into certain of Hilcorp’s leases in the San Juan Basin in northwest New Mexico and southwest Colorado and their associated royalty payments.
From August 2017 through December 2018, Hilcorp paid federal royalties on oil, natural gas, and natural gas liquids for its leases based on estimated volumes and prices instead of actual volumes and prices, the DOJ alleged. When estimated payments are made, the law requires actual payments be made the following month.
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2024-02-23T14:05:00Z By Kyle Brasseur
The announcement of a record year in several areas of False Claims Act enforcement at the Department of Justice was accompanied by a warning that more significant cases are coming, particularly regarding cybersecurity-related claims.
2024-01-18T18:41:00Z By Kyle Brasseur
An opinion in a long-running court case involving software company Gen Digital and alleged violations of the False Claims Act saw proposed costs in the matter jump from $1.3 million to approximately $53 million following successful arguments by the U.S. government.
2023-09-29T14:41:00Z By Kyle Brasseur
Aerospace giant Boeing agreed to pay $8.1 million as part of a settlement with the Department of Justice addressing allegations it submitted false claims regarding military aircraft contracts it had with the Navy.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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