Whistleblower Rewards and Bounties Archives

What “related actions” qualify for an SEC whistleblower award?

Awards for “Related Actions” under the SEC Whistleblower Program Under the SEC Whistleblower Program, the SEC is authorized to pay monetary awards in certain successful “related … Continued

Are attorney fees paid from an SEC or CFTC whistleblower award taxable?

Under 26 U.S. Code § 62(a)(21), as amended by the Bipartisan Budget Act of 2018, an SEC or CFTC whistleblower receiving an award from … Continued

What is the original source exception to the public disclosure bar?

Collapse Original Source Exception to Public Disclosure Bar The public disclosure bar prohibits a relator from bringing a False Claims Act lawsuit based on a … Continued

What is a qui tam whistleblower lawsuit?

False Claims Act relators are eligible to receive 10% to 30% of the recovery. In an intervened case, the relator can obtain 15% to 25% of the recovery, depending upon the extent to which the person substantially contributed to the prosecution of the action.

What is a reverse false claim?

Reverse False Claims Liability Reverse false claims liability arises where an entity or individual avoids the payment of money due to the government, e.g., failing … Continued

Must a False Claims Act qui tam relator have firsthand knowledge of all aspects of the fraud?

Generally, the qui tam relator (the whistleblower) need not have firsthand knowledge of every aspect of the fraud scheme. The First, Third, Fifth, and Ninth … Continued

Can an incomplete Section 303 MD&A disclosure give rise to Section 10(b) securities fraud liability?

Yes. “Item 303 provides a critical backstop to prevent unscrupulous issuers from exploiting the trust that reasonable investors place in submissions made in purported compliance … Continued

Does the False Claims Act authorize treble damages?

The False Claims Act provides that any entity violating 31 U.S.C. § 3729(a)(1) is liable for three times the amount of damages that the Government … Continued

Is there a heightened pleading requirement for False Claims Act qui tam cases?

Pleading Qui Tam False Claims Act Case in Detail False Claims Act qui tam actions must meet the heightened pleading requirement set forth in Federal … Continued

Can a violation of Good Manufacturing Practices give rise to False Claims Act Liability?

Good Manufacturing Practices and False Claims Act Liability Yes, and indeed drug manufacturer Ranbaxy pleaded guilty to seven felonies related to Good Manufacturing Practices violations … Continued

What is the public disclosure bar in the False Claims Act?

False Claims Act Public Disclosure Bar The public disclosure bar prohibits a qui tam relator from bringing a False Claims Act lawsuit based on … Continued

What is the first-to-file bar in False Claims Act qui tam cases?

False Claims Act First-to-File Bar The first-to-file bar prohibits a whistleblower from bringing suit based on a fraud already disclosed through identified public channels, … Continued

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