Tag: AUSTAL USA

Austal USA fined $24 million, placed on probation after plea deal related to fraudulent valuations designed to 'mislead' investors

A federal judge approved on Monday a plea agreement between federal prosecutors and the Alabama-based U.S. Navy shipbuilder Austal USA LLC, levying a $24 million fine for fraudulently valuing its ships to "mislead" its investors and shareholders.

Three Mobile men indicted on wire fraud charges in connection to Austal investigation

A federal jury indicted the three men after prosecutors said they conspired to mislead Austal Limited’s shareholders about the company’s financial situation.

Plaintiff attorney in COVID vaccine lawsuit: 2021 Alabama religious, medical exemptions law 'not really worth the paper that it is written on'

Fairhope attorney Brian Dasinger, who represents plaintiffs in federal litigation against Mobile shipbuilder Austal USA and Spanish Fort nursing home Westminister Village for not honoring religious vaccine mandate exemption, dismissed the efficacy of the 2021 law.