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...
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