Tag: corporate fraud

Bayer Paying $40 Million to Settle Lawsuits Over False Claims

Pharmaceutical manufacturer Bayer Corporation and its related entities are to pay $40 million to resolve two whistleblower lawsuits filed by a former employee. The lawsuits were filed by Laurie Simpson who used to work in Bayer’s marketing department. They are related to false claims made by the company about three of its drugs: Trasylol, Avelox,…


Elon Musk Takes Dig at Deutsche Bank’s ‘Greenwashing’ Raid After Tesla ESG Snub

Billionaire entrepreneur Elon Musk has taken a jab at environmental, social, and governance (ESG) investment funds after news broke that German authorities raided Deutsche Bank and asset management company DWS Group due to alleged “greenwashing” of its ESG funds. Greenwashing refers to processes by which companies falsely present themselves as more pro-environment than they really…