LG Chem To Pay $1.2M To Settle FCA Suit Over Stimulus Funds

Law360, New York (November 5, 2013, 6:55 PM EST) -- Federal prosecutors in Michigan on Tuesday said a unit of South Korean chemical giant LG Chem Ltd. has agreed to pay $1.2 million over allegations the company defrauded the government by paying employees for recreational activities using funds procured under the American Recovery and Reinvestment Act.

U.S. Attorney Patrick A. Miles Jr., of the Western District of Michigan, said after LG Chem Michigan Inc. was awarded more than $150 million by the U.S. Department of Energy under the 2009 stimulus act for the construction of a...
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