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Wednesday, July 30, 2025

Real Estate Company Gets Whistleblower’s PPP Lawsuit Thrown Out - Bloomberg Law News

A whistleblower failed to adequately allege that a Delaware-based real estate company defrauded the Paycheck Protection Program.

False Claims Act whistleblower Relator LLC didn’t establish that The Agency Holdco Inc. made a materially false claim to the US government about its eligibility to receive loans under the Covid-19 pandemic assistance program, the US District Court for the Central District of California said Monday opinion granting Holdco’s motion for summary judgment.

The record lacks evidence backing claims that Holdco fraudulently applied for PPP loans, the opinion said. The court on Jan. 14 dismissed claims against Mauricio Umansky, Holdco’s CEO, and ...



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