Ex-MedQuist CFO Settles SEC Suit Over Billing Fraud

Law360 (April 29, 2011, 8:09 PM EDT) -- Former MedQuist Inc. Chief Financial Officer Brian Kearns on Friday agreed to pay $50,000 to settle a U.S. Securities and Exchange Commission suit in New Jersey over an allegedly fraudulent billing scheme at the medical transcription company.

Without admitting or denying the allegations, Kearns brought the agency's fraud suit to an end, consenting to a final judgment that imposes a $50,000 civil penalty and bars him from violating securities laws or failing to abide by bookkeeping and internal governance standards.

The SEC sued Kearns and MedQuist Controller Bruce Van Fossen in July 2009, alleging they were instrumental in the company's scheme...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!