Proposed $15M FCA Settlement Dooms Fla. Biz Group

Law360, New York (November 15, 2012, 11:30 PM EST) -- A Florida-chartered small business authority said Thursday that it would wind down its business because it was unable to pay a proposed $15 million settlement in a False Claims Act suit brought by the U.S. government over alleged misuse of NASA and Economic Development Authority contracts.

The Technological Research & Development Authority said it could not afford to pay the proposed settlement in the suit, which had accused the authority of striking a deal with the City of Melbourne International Airport to redirect the grants to...
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