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Analysis

Private Equity FCA Suit More Likely Outlier Than Omen

Law360 (March 16, 2018, 11:48 PM EDT) -- The U.S. Department of Justice’s unusual decision to name a private equity firm as a defendant in a False Claims Act suit against one of the firm’s portfolio companies is an issue all private equity firms should be aware of, although the alleged circumstances of the case may mean similar complaints will be few and far between, attorneys say.

It is rare, although not unheard of, for qui tam relators to bring FCA cases against not only a company they accuse of making false claims, but also its  private equity owner. Similarly, parent companies are also sometimes targeted as an additional defendant...

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Case Title

Subscribers Only

Case Number

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Court

Florida Southern

Nature of Suit

Other Statutes: False Claims Act

Judge

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Date Filed

December 14, 2015

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