An Eye On Revising The FCA

Law360, New York (January 9, 2009, 12:00 AM EST) -- Congress has not made significant changes to the federal False Claims Act[1] (“the FCA”) in more than 20 years. Even so, the federal government has used the Act effectively to recoup over $21 billion during that time period.

During Fiscal Year 2008 alone, the federal government collected some $1.34 billion, with a large portion of those collections coming from pharmaceutical manufacturers.

These 2008 recoveries follow total recoveries in Fiscal Year 2007 of $2 billion, which included $311 million from five companies that accounted for nearly 95...
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.