Caterpillar Sued by a Shareholder After Federal Raid

Caterpillar Inc was sued on Friday for allegedly deceiving shareholders about its business, one day after federal law enforcers raided three of its buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax practices. In a complaint filed in Chicago federal court, Jacob Newman accused Caterpillar of defrauding him and other shareholders in regulatory filings by touting its commitment to good ethics, while concealing how it “unlawfully used foreign subsidiaries” to avoid paying billions of dollars of U.S. taxes.

FCC chair wants carriers to block robocalls from spoofed numbers

Blocking robocalls from spoofed numbers may soon become easier, as the Federal Communications Commission is preparing to give carriers authority to take more aggressive action against this type of scam call. The FCC in 2015 made it clear that voice service providers can offer call blocking tools to customers, but commissioners said at the time that more needed to be done about Caller ID spoofing.

Officer’s punch

The 14-year-old girl was upset, possibly suicidal and in need of psychiatric help, court documents say, but there was no way she was getting into an ambulance. St. Paul Police Officer Michael Soucheray and his partner, Chris Rhoades, were sent to defuse the situation at Brittany’s Place, a shelter for girls on the east side of the Minnesota city in December.

Trump to Dissolve Foundation

President-elect Donald Trump said Saturday he will dissolve his charitable foundation amid efforts to eliminate any conflicts of interest before he takes office next month. The revelation comes as the New York attorney general’s office investigates the foundation following media reports that foundation spending went to benefit Trump’s campaign.

Mylan, Teva Led Peers in – Anomalous’ Price Moves, Study Says

About one in 19 generic drugs sold in the U.S. during the past three years have undergone major price hikes that may be consistent with collusion, according to a wide-ranging study that comes in the middle of a sprawling Justice Department investigation into pharmaceutical price-fixing. Fideres Partners LLP, a London-based consultancy that works with law firms to bring litigation against companies, reported “anomalous pricing patterns” in scores of generic drugs sold in the U.S. from 2013 to 2016.

VW Gets Weekend for – Intense’ Talks on Diesel-Cheating Case

A federal judge said Volkswagen AG has made “substantial progress” toward a settlement to get about 80,000 Audi, VW and Porsche vehicles with emissions-cheating 3.0-liter diesel engines fixed or off U.S. roads. Lawyers for the carmaker, consumers and the Justice Department have assured the court that negotiations are ongoing, but VW may be headed to trial if an agreement isn’t reached.