Omeros To Get $12.5M In Whistleblower Coverage Deal

Law360, Chicago (October 3, 2013, 1:46 PM EDT) -- Carolina Casualty Insurance Co. has agreed to cough up $12.5 million to Omeros Corp. to settle a coverage dispute arising from False Claims Act litigation brought by the biopharmaceutical company’s former chief financial officer, Omeros said Thursday.

Seattle-based Omeros said in a statement that the deal resolves all claims in the Washington state federal court case, which Carolina Casualty filed last year in a bid to avoid covering the biopharmaceutical company’s defense of a wrongful termination suit brought by its former chief financial officer, Richard J....
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