DC Circ. Illuminates Civil False Claims Act

Law360, New York (December 20, 2010, 12:41 PM EST) -- The D.C. Circuit’s Dec. 3, 2010 opinion in United States v. Science Applications International Corp. (SAIC), provides some welcome guidance for government contractors hoping to understand their potential liability under the Federal Civil False Claims Act (FCA), 31 U.S.C. §§ 3729-33. The FCA, which has been significantly amended over the last two years, provides for civil penalties and treble damages in cases where a party receiving federal funds is found to have sought, received and/or improperly retained such funds through fraud or false statements.

Since November...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.