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Biotech Co. Must Face Investor Suit Over Misleading Claims

By Sydney Price

Biotech company CytoDyn and its former executives and directors cannot escape a suit accusing them of misleading shareholders about the likelihood that the U.S. Food and Drug Administration would approve its drug the company claimed had the potential to treat HIV and COVID-19.

Construction Cos. To Pay $13M For PPP Loan Statements

By P.J. D'Annunzio

Several companies have agreed to pay the federal government $13 million to resolve claims that they violated the False Claims Act by misstating their qualifications for Paycheck Protection Plan forgivable loans during the height of the COVID-19 pandemic, according to New Jersey's top federal prosecutor.

Sheppard Mullin Atty Sees Hotel Finance In A Long Downturn

By Andrew McIntyre

The hospitality finance sector has still not recovered from the onset of COVID-19 more than five years ago, and tariff and interest rate questions are now adding more uncertainty on the lending front, Sheppard Mullin's hospitality leader told Law360 Real Estate Authority.

BofA Benefit Card Recipents Get Cert. In Covid Fraud MDL

By Katryna Perera

A California federal judge has granted certification to five different classes in a multidistrict litigation alleging Bank of America NA's security failures exposed their unemployment and disability benefits cards to fraud and led the bank to breach their contracts by freezing all accounts during the COVID-19 pandemic.

Judge OKs Most Of Attorney Fees In MGM Vax Exemption Suit

By Danielle Ferguson

A Michigan federal judge on Wednesday awarded nearly $394,000 in attorney fees to a former MGM Grand Casino worker who won a religious bias suit after being fired for refusing the COVID-19 vaccine, slightly cutting the requested award after reducing hours because of discrepancies between two submissions.

Boeing Says COVID-Era Docs Needed In Suit Over 737 Sales

By Mike Curley

Boeing is urging a Washington federal court to compel a defunct South African airline to turn over documents about its financial state and the effects of the COVID-19 pandemic on its business from 2019 to 2021, as the plane maker fights a suit alleging it hid the flaws of its 737 Max line.


Expert Analysis

What FCA Liability Looks Like In The Cybersecurity Realm

​Two recent settlements highlight how whistleblowers and the U.S. Department of Justice have been utilizing the False Claims Act to allege fraud predicated on violations of cybersecurity standards — timely lessons given new bipartisan legislation introducing potential FCA liability for artificial intelligence use, say​ attorneys Rachel Rose and Julie Bracker.

Texas Case Shows Why Juries Are Well-Suited To COVID Suits

The original jury verdict in Baylor College of Medicine v. Lloyd's, currently on appeal to the Texas Supreme Court after being overturned by an appellate panel, illustrates why COVID-19 business interruption claims with their case-specific facts need to be decided by juries, not by judges using a one-size-fits-all approach, says Jeremy Lawrence at Farella Braun.

NC COVID Ruling May Have Greater Coverage Implications

While the North Carolina Supreme Court's recent finding in favor of policyholders in a suit for business interruption coverage due to COVID-19 comes too late for most insureds to benefit, it should nonetheless have coverage implications far beyond COVID-19 claims, say attorneys at Robinson Bradshaw.

MORE COVERAGE

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