Department of Justice

The U.S. Department of Justice (DOJ) is investigating German software giant SAP SE (NYSE:SAP) and U.S. reseller Carahsoft Technology. What Happened: The DOJ is investigating two companies over allegations of conspiring to overcharge U.S. government agencies. The civil probe, which has been ongoing...

Visa Inc. (NYSE:V) a global payments giant reportedly faces charges by the United States Department of Justice for allegedly monopolizing the domestic debit card industry What Happened: DOJ’s antitrust division is expected to accuse Visa in federal court due to its participation in various...

Rudy's Performance Parts Inc., a North Carolina automotive parts maker and seller, and its owner Aaron Rudolf have agreed to pay a total of $10 million in criminal fines and civil penalties for making, selling and installing devices, commonly known as "defeat devices," used to remove or disable...

U.S. antitrust authorities have reportedly initiated an early-stage investigation into NVIDIA Corp. (NASDAQ:NVDA) over its potential dominance in the artificial intelligence chip market. What Happened: The Justice Department’s antitrust division has contacted Nvidia to inquire about its...

Glenmark Pharmaceuticals Inc. USA, a generic pharmaceutical manufacturer in Mahwah, New Jersey, agreed to pay $25 million for allegedly conspiring to fix the price of a generic drug. The U.S. government alleged under the False Claims Act that Glenmark gave and received payments between 2013 and...

Robinhood Markets Inc. (NASDAQ:HOOD) has agreed to a $3.9 million settlement with California’s Department of Justice over its past ban on Bitcoin (CRYPTO: BTC) cryptocurrency withdrawals. What Happened: Robinhood’s previous policy, which restricted customers from withdrawing their...

NVIDIA Corporation (NASDAQ:NVDA) said in a statement to Bloomberg that it has not received a subpoena from the U.S. Department of Justice (DOJ) related to an ongoing investigation into possible antitrust law violations.  The Details: A Nvidia spokesperson said Wednesday in a statement: "Nvidia...

A Mississippi seafood distributor and two company managers pleaded guilty on Tuesday to conspiring with others to mislabel seafood and to commit wire fraud by marketing inexpensive and frozen imported substitutes as more expensive and premium local species. Quality Poultry and Seafood Inc. (QPS),...

Intrepid U.S.A. Inc., a Dallas-based health care and hospice provider, has agreed to pay $3.85 million for allegedly submitting Medicare claims for patients who did not qualify for coverage. On Tuesday, the U.S Department of Justice (DOJ) alleged that between 2016 and 2021 19 Intrepid facilities...

In a recent development, the U.S. Department of Justice (DOJ) has indicted a New York resident, accusing him of acting as an illegal agent for the Chinese government and spying on Chinese pro-democracy activists and dissidents. What Happened: The DOJ has charged Yuanjun Tang, 67, with operating as...

The proposed $1.9 billion merger between Alaska Airlines (NYSE:ALK) and Hawaiian Airlines by Hawaiian Holdings, Inc. (NASDAQ:HA) has received clearance from the U.S. Justice Department, marking a significant step forward in the deal announced eight months ago. The merger is now pending approval...

Kim Dotcom, the founder of the once-popular file-sharing website Megaupload, lost his 12-year battle against extradition from New Zealand to the U.S. After the ruling, Dotcom compared his situation to former President Donald Trump. Dotcom said Trump and he share a common experience of persecution...

Ray Wang, analyst and CEO of Constellation Research, recently shared his thoughts on the ongoing antitrust case against Google‘s parent Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG). What Happened: On Wednesday, Wang discussed the market’s anticipation of Alphabet’s appeal against...

Analysts, investors, and experts are closely examining the potential impacts of a breakup or restructuring of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) as the Department of Justice considers measures to address Google's dominance in the search market. Legal Case Against Google: Former Department...

Despite the Department of Justice’s (DOJ) recent antitrust victory over Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Wedbush’s Dan Ives has forecasted that a breakup of major tech companies is “highly unlikely.” What Happened: Ives, in a note to investors seen...