Ex-Princeton Review Owner Puts Up $10M To End FCA Suit

Law360, New York (December 20, 2012, 6:12 PM EST) -- The former owner of The Princeton Review Inc. admitted Wednesday to bilking millions of dollars from a federal program for underprivileged schoolchildren by seeking reimbursement for after-school tutoring it didn't actually provide, agreeing to pay $10 million to settle an employee whistleblower suit over the fraud. 

The settlement comes about eight months after the U.S. agreed to join the False Claims Act suit brought by a relator Dana Smith against Education Holdings Inc. 1, which formerly owned Princeton Review before selling the company to a private...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

United States ex rel Jane Doe et al v. Education Holdings 1, Inc. et al


Case Number

1:09-cv-06876

Court

New York Southern

Nature of Suit

Other Statutory Actions

Judge

Barbara S. Jones

Date Filed

August 4, 2009

Law Firms

Companies

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.