Shipyard Ducks $78M FCA Suit Over Flawed Coast Guard Hulls

Law360, New York (October 21, 2013, 4:39 PM EDT) -- A Louisiana federal judge on Monday tossed the federal government's False Claims Act suit over the alleged failure of eight U.S. Coast Guard vessels' hulls that Bollinger Shipyards Inc. modified at a cost of roughly of $78 million, saying the government could not prove fraud had occurred.

U.S. District Judge Sarah S. Vance dismissed the U.S.’ FCA and common law fraud claims against Bollinger in a suit brought in 2011 over eight of the Coast Guard’s boats that were rendered unseaworthy because Bollinger miscalculated the hulls’...
To view the full article, register now.

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.