Jury Clears Student Lender In $350M FCA Suit

By Bryan Koenig (December 5, 2017, 8:57 PM EST) -- A Virginia federal jury entered a verdict Tuesday completely clearing a Pennsylvania-based student loan provider accused of improper billing practices under the False Claims Act, which could have cost the provider $350 million had the verdict gone the other way.

The eight-person jury unanimously entered the verdict in favor of the Pennsylvania Higher Education Assistance Agency and against whistleblower and former Department of Education employee Jonathan Oberg, who'd accused PHEAA of bilking the government to the tune of $116.5 million, which would have been tripled under the FCA in the event the company was found in violation of the law....

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