Omeros Pays $4M To End Whistleblower's FCA Suit

Law360, New York (November 2, 2012, 3:08 PM EDT) -- Omeros Corp. has agreed to pay nearly $4 million to settle a former employee's qui tam False Claims Act suit alleging he was fired for exposing the abuse of a federal grant program, according to a Thursday regulatory filing.

The Seattle-based biopharmaceutical company and its chairman, president and CEO Gregory A. Demopulos have entered into a settlement with former Omeros CFO Richard J. Klein, under which Omeros will pay Klein $3.94 million, according to a filing made with the U.S. Securities and Exchange Commission. Klein's suit, filed...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Klein v. Demopulos et al


Case Number

2:09-cv-01342

Court

Washington Western

Nature of Suit

Civil Rights: Jobs

Judge

John C Coughenour

Date Filed

September 20, 2009

Law Firms

Companies

Government Agencies

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.