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Ian Thoms

Ian Thoms

Managing Editor at Law360

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Location
United States
Languages
  • English
Covering topics
  • Law

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Recent Articles

law360.com

Olympus Panel Clears KPMG, Ernst & Young In Fraud Probe

An investigative panel on Tuesday cleared Olympus Corp.'s outside auditors — KPMG Azsa LLC and Ernst & Young ShinNihon LLC — of responsibility for the Japanese camera and medical device maker's admitted $1.7 billion accounting fraud, but declared five individual auditors culpable.
law360.com

UK Probes Simplyhealth's $180M Dental Insurance Co. Buy

British antitrust regulators on Wednesday opened an investigation into health insurance company Simplyhealth Group Ltd.'s proposed $180 million purchase of Denplan Ltd., the largest dental insurance provider in the U.K.
law360.com

Illumina Investors Claim Goldman Bias In Suit Over Roche Bid

A group of Illumina Inc. shareholders launched a putative class action Tuesday accusing the gene sequencing company and its board of directors of deciding to reject a takeover bid by drugmaker Roche Holding Ltd. based on bad advice from an obviously conflicted Goldman Sachs & Co.
law360.com

RBC Eyes Showdown Over CFTC Wash-Trading Allegations

The Royal Bank of Canada on Monday denied allegations that it engaged in a wash-trading scheme to reap tax benefits on hundreds of millions of dollars in stock, possibly setting up a trial against the enforcement-minded U.S. Commodities and Futures Trading Commission.
law360.com

Oil Probes Show FCPA Enforcement Has Cos. Running Scared

After receiving whistleblower allegations of bribery at their Kazakhstan operations, several oil giants including Chevron Corp. and Eni SpA promptly launched investigations into the anonymous claims, a once-unlikely reaction that suggests companies have learned the perils of sleeping on potential Foreign Corrupt Practices Act violations, experts say.
law360.com

New FINRA Arbitration Program Strives For Flexibility

In launching a pilot program Tuesday for claims of $10 million or more, the Financial Industry Regulatory Authority injected some much needed flexibility into its popular arbitration service and gave parties the long-desired ability to tweak the proceedings to better suit their needs, attorneys say.
law360.com

Universal Health Relators Win $1.4M Piece Of FCA Deal

A Virginia federal judge awarded three whistleblowers $1.37 million on Wednesday for helping the government obtain a $6.85 million settlement from Universal Health Services Inc., which allegedly submitted fraudulent Medicare claims and provided poor psychiatric care to troubled teenagers at a now-defunct residential treatment center.
law360.com

WellPoint Price-Fixing MDL Survives Dismissal Bids

A California federal judge on Thursday trimmed long-running multidistrict litigation accusing WellPoint Inc., UnitedHealth Group Inc. and others of conspiring to underpay health care providers, dismissing Sherman Act and other claims after finding certain plaintiffs lacked standing.
law360.com

Dick's To Pay Up To $15.5M To Settle OT Actions

Dick's Sporting Goods Inc. has agreed to pay up to about $15.5 million to settle a host of putative class actions claiming the company failed to pay overtime and other wages.
law360.com

DOJ's Aggressive FCPA Enforcement Bites The Agency Back

Desperate for a defining win in a foreign bribery prosecution, the U.S. Department of Justice has taken some imprudent chances in hopes of succeeding in shaky cases against individuals and companies, as evidenced by its latest loss in the now-infamous Lindsey Manufacturing Co. prosecution, attorneys say.
law360.com

Albanese $833.3B Budget Takes Aim At Capital Gains

The Albanese Government unveiled its 2026-27 Budget on May 12, billing the $833.3 billion spending plan as providing "resilience and reform" through new measures, including controversial cuts to capital gains concessions and increased spending on energy, infrastructure, and housing.