Biden’s Investor Protection Unit Gauging Vulnerability to Cybersecurity Threats
Delaware’s Investor Protection Unit is participating in a nationwide project to gauge the strength of Delaware investment advisers’ cybersecurity systems. Delaware law requires investment firms to register with the state’s Investor Protection Unit, and that office recently sent surveys to 44 investment companies covering areas such as whether the investment adviser has experienced a cybersecurity event in the past year, experienced loss or theft because of a cybersecurity breach and when the adviser last underwent a cybersecurity threat assessment.
Pfizer to pay $35 million to resolve allegations of improper marketing of popular organ transplant drug
Attorney General Beau Biden announced today that his office has joined 41 other State Attorneys General in reaching a $35 million nationwide settlement with Pfizer Inc, as parent of Wyeth Pharmaceuticals Inc., over allegations the company unlawfully promoted Rapamune, an immunosuppressive drug currently approved by the FDA for use in preventing organ rejection after kidney transplant surgery.
Biden acts to protect Delaware homeowners from mortgage rescue scam
Today, Attorney General Beau Biden a filed a lawsuit against a California-based company alleging it operates a mortgage rescue and loan assistance scam that illegally collects large upfront fees from Delaware consumers facing financial distress with the promise to secure loan modification or other relief from their mortgage lenders.
Biden Reaches Agreement with Apple on E-Book Price-Fixing Damages Claims
Delaware Attorney General Beau Biden today announced a proposed settlement of claims for monetary relief against Apple Inc. related to its participation in a price-fixing conspiracy in the market for E-books. The settlement agreement, which remains subject to approval by the U.S. District Court for the Southern District of New York, would resolve claims for consumer damages brought by Delaware and 32 other states and territories, as well as the states’ civil penalty claims.
Biden warns consumers to be alert for telephone solicitation scams
Attorney General Beau Biden today alerted Delawareans to be on the lookout for two telephone scams that have been reported to his office and appear to be on the rise in Delaware.
