PE Settlement Illustrates New FCA Liability Theories In Play

By Derek Adams and Jay Watkins (August 3, 2021, 4:23 PM EDT) -- On July 21, the U.S. Department of Justice announced yet another False Claims Act settlement involving a private equity firm's investment in a health care company. The settlement for $15.3 million was reached with the electroencephalogram, or EEG, testing company Alliance Family of Companies LLC, and its Texas-based private investment company Ancor Holdings LP, which will itself pay $1.8 million of the settlement.[1]

The Ancor settlement follows a string of FCA lawsuits brought against private equity firms based on their alleged knowledge of wrongdoing at health care entities in which they invested.[2] In June 2020, former Principal Deputy Assistant Attorney General...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!