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Over 20 Years Standing Up For Whistleblowers In Nationwide Fraud Litigation
The Securities and Exchange Commission announced on July 18, 2022, that Equitable Financial Life Insurance Company would pay $50 million to 1.4 million variable annuity investors. The company provided false or misleading statements and omissions to the investors, many...
On July 20, the Department of Justice announced a $1.2 billion health care fraud case. This action involves coordinated nationwide enforcement to charge 36 defendants in 13 federal districts with fraud schemes involving telemedicine, clinical laboratory and durable...
Noted short seller Carson Block and his equity firm Muddy Waters LLC and a former business associate Kevin Barnes are in dispute over a $14 million whistleblower award by the SEC enforcement action in 2015. In a lawsuit not involving this firm but filed in the New...
On June 21, 2022, the U.S. Supreme Court agreed to hear a case that hinges on whether the federal government can drop cases taken up on its behalf as a qui tam action. The dispute involves whether the government can drop the case regardless of whether the relator or...
Whistleblowers may be awarded between 10% and 30% of the funds recovered by government agencies. Of course, there are specific rules for getting that money, and one of them is that the whistleblower must voluntarily come forward with useful information for a...
The Middle District of Florida convicted two men of a $1.4 billion health care fraud after a 24-day trial. They conspired to fraudulently bill private insurers using a sophisticated pass-through billing system where drug test analyses were reportedly conducted in...
The Securities and Exchange Commission recently charged Ernst & Young LLP for ethics lapses involving audit professionals cheating on their ethics exams, which are required for acquiring and maintaining a CPA license. The company then covered up the lapse by...
The Centers for Medicare and Medicaid Services (CMS) hit two hospitals in Georgia with $1.1 million in financial penalties for violating the 2021 rules requiring hospitals to share their medical procedures and treatment prices. This change (which the CMS will enforce)...
The IRS released its annual report on its whistleblower program. The amount collected dropped from $1.44 billion in 2018 to $245 million in 2022. Whistleblower awards also dropped to about 10% ($34.5 million) of the amount awarded in 2018. This precipitous drop has...
The Southern District of New York and the U.S. Department of Health and Human Services have filed a healthcare lawsuit against 11 New York-based defendants. The lawsuit seeks damages and penalties for billing Medicare for unreasonable or unnecessary procedures at 11...