Insurer Aims To Duck Coverage Of Omeros FCA Suit

Law360, Washington (February 22, 2012, 3:33 PM EST) -- Carolina Casualty Insurance Co. sued biopharmaceutical company Omeros Corp. on Tuesday, seeking to avoid covering claims from an underlying False Claims Act action brought by the company's former chief financial officer concerning allegedly fraudulent National Institute of Health grants.

In the underlying suit, ex-CFO Richard J. Klein alleges he was fired for blowing the whistle on more than $2 million in grants purportedly obtained fraudulently from the NIH. Carolina Casualty is asking the Washington state federal court for a declaration that it owes no defense or...
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