June 28, 2018 | Posted By: Hoyer Law Group, PLLC
The SEC voted today to propose amendments to its SEC Whistleblower Program rules. The SEC Whistleblower Program was established in 2010 and provides that if an individual presents the SEC with original information concerning a violation of federal securities laws leading to an enforcement action that results in over $1 million in monetary sanctions, that […]
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June 21, 2018 | Posted By: Hoyer Law Group, PLLC
The American Bar Association (“ABA”), the regulatory body that oversees law school accreditation across the country, has recently been sued by the Florida Coastal School of Law, the now-defunct Charlotte School of Law, and most recently Arizona Summit Law School. All three for-profit law schools are owned by InfiLaw System LLC, a for-profit consortium of […]
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June 14, 2018 | Posted By: Hoyer Law Group, PLLC
At a recent ABA conference on the Civil False Claims Act and Qui Tam Enforcement, the Acting Associate Attorney General, Jesse Panuccio, delivered remarks touching on a wide range of qui tam issues and Department of Justice policies including the Department’s enforcement priorities, dismissal discretion, view on sub-regulatory guidance, and intra-agency cooperation among others. The […]
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March 07, 2018 | Posted By: Hoyer Law Group, PLLC
In January 2018, the New York / New Jersey Port Authority enacted its own False Claims policy as part of sweeping integrity reforms designed to ensure that fraud and ethical misconduct by contractors and vendors are detected and stopped. The new False Claims policy will punish contractors and vendors who intentionally make material false statements […]
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November 21, 2017 | Posted By: Hoyer Law Group, PLLC
Working its way through the appellate system in the D.C. Circuit is a case that could have a major impact on the IRS Whistleblower Program. Since 2006, the IRS has had discretion to provide awards to whistleblowers who report information that leads to the IRS collecting proceeds of $2 million or less. For cases where […]
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August 24, 2017 | Posted By: Hoyer Law Group, PLLC
In late July, the Second Circuit United States Court of Appeals issued an opinion captioned Fabula v. American Medical Response, Inc. that should provide some comfort for whistleblowers who are contemplating bringing a False Claims Act case in connection with their refusal to take part in a potentially fraudulent scheme. The Fabula court was presented […]
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June 13, 2017 | Posted By: Hoyer Law Group, PLLC
Acting Assistant Attorney General Chad A. Readler recently told Congress that False Claims Act (“FCA”) cases continue to be the most effective means of combating fraud and protecting the federal fisc. In his testimony before the Judiciary Committee Subcommittee on Regulatory Reform, Commercial & Antitrust Law, Readler announced that since 1986, FCA cases have recovered […]
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May 31, 2017 | Posted By: Hoyer Law Group, PLLC
In this blog post we will briefly outline the major components of the SEC Whistleblower Program (“Program”) including the process of submitting a claim, notices of covered actions and their link to financial recovery, and finally the necessity to retain experienced counsel in order to protect your rights. SEC Whistleblower Program The Dodd-Frank Act (“Act”) […]
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April 19, 2017 | Posted By: Hoyer Law Group, PLLC
The Securities and Exchange Commission is investigating whether an Atlanta-based hedge fund is violating federal securities laws by guaranteeing to its investors that they won’t lose money. Statim Holdings Inc., headed by Joseph Meyer, Jr., is the parent company for Arjun LP, a hedge fund that previously ranked eighth among hedge funds with between $250 […]
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April 03, 2017 | Posted By: Hoyer Law Group, PLLC
The fight against fraud received some significant help last week when Senators Chuck Grassley and Ron Wyden introduced legislation geared to strengthen the IRS Whistleblower program. If passed into law, the IRS Whistleblower Improvements Act of 2017 will provide greater protections to whistleblowers from employer retaliation and will also foster greater communications between the IRS […]
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March 23, 2017 | Posted By: Hoyer Law Group, PLLC
Although a vast majority of states (and the District of Columbia) have False Claims Acts to protect their taxpayer dollars, twenty states still have not enacted effective anti-fraud legislation. Pennsylvania is one of those states lacking a False Claims Act law. Despite various lawmakers – on both sides of the aisle – introducing versions of […]
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March 13, 2017 | Posted By: Hoyer Law Group, PLLC
Is a state or state agency a “person” for False Claim Act (FCA) whistleblower purposes? This question is important because the language attaches liability to “any person who knowingly presents….false or fraudulent claims.” Since its inception in 1863, the FCA has been used by whistleblowers to recover money from individuals, corporations, and government contractors. Over […]
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