Whistleblower Law Insights

In a case that serves as an important warning for nonpublic startup companies that may think their status insulates them from regulatory oversight, the government brought charges against the CEO of Frank,...

The U.S. Department of the Treasury and the Federal Reserve Board announced Wells Fargo will pay $97.8 million for helping facilitate more than 100 financial transactions, violating U.S. sanctions against...

This month Senators Chuck Grassley (R- Iowa) and Elizabeth Warren (D-MA) reintroduced legislation designed to strengthen the Securities and Exchange Commission (SEC) Whistleblower Program.  The bipartisan legislation...

Just weeks before the collapse of Silicon Valley Bank (SVB) and Signature Bank, accounting firm KPMG signed off on both of the banks’ audits. These failures come as audit firms are increasingly in the...

With the potential to recover millions of dollars lost to fraud, Connecticut and Maryland are both looking to expand their states’ False Claims Acts this legislative session. Connecticut Connecticut’s...

Fraud Enforcement Matters. The past year saw the Department of Justice recover over $2 billion in cases under the False Claims Act. Those cases included settlements in cases brought against pharmaceutical...

On June 7, 2022, the Governor of Colorado signed the Colorado False Claims Act (CFCA) into law. The CFCA, modeled after the federal False Claims Act (FCA), imposes liability on those who knowingly present...

The US Department of Justice has raised the minimum and maximum penalties that can be assessed for violations of the False Claims Act, as well as civil monetary penalties under other laws, as part of...

On January 13, the Supreme Court announced it would hear a pair of cases concerning a critical element of liability under the False Claims Act – a defendant’s mental state. A person violates the FCA...

The $1.7 trillion year-end spending legislation passed by Congress and just signed by the President contains important amendments to the anti-money laundering (AML) whistleblower program. The Anti-Money...