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This site provides news and information about the False Claims Act qui tam whistleblower law, the Tax Whistleblower law and the Securities and Commodities Whistleblower law. On this site you can learn the basics of each law and the process of bringing a case as well as read about the latest developments.

Getnick & Getnick LLP is a Manhattan-based law firm dedicated to business integrity and anti-fraud cases. Our whistleblower cases have resulted in recoveries of over a billion dollars for U.S. taxpayers.
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Tuesday, November 18, 2008

DoJ Reveals Their Share of Recovered Money in Qui Tam Settlements

Out of the total $1.34 billion recovered by the US government in qui tam settlements, the Department of Justice recovered $694.5 million. The money results from 3 major settlements with a device manufacturer and two pharmaceutical companies: Merck, Cephalon and Kyphon. The allegations ranged from illegal incentives to persuade healthcare providers to prescribe its products to defrauding Medicaid and Medicare. The qui tam provision allows citizens to file a lawsuit on behalf of the US and potentially recover 15 to 25 percent of the proceeds from a successful suit. Although all three companies paid in settlements, none admitted guilt of any allegations.

Click here to read more about the 2008 fiscal year qui tam recoveries from settlements.

Posted by Quitam Help Admin on 11/18 at 08:23 AM
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