Designed for busy in-house counsel and compliance professionals, this newsletter seeks to bring you up to speed on key federal and state False Claims Act (FCA) developments, with links to primary resources. Each quarter, we will provide key takeaways and discuss some of the most significant false claims topics.
In this second newsletter of 2023, we ask: What are we to make of the Department of Justice (DOJ or the “Department”) stats for False Claims activity and the Supreme Court adding a second FCA matter to this term? We report on a pair of cybersecurity matters with notable False Claims connections, review a relator’s bid to revive a thrice-dismissed complaint, and bring news of the Connecticut Attorney General’s desire to broaden his state’s FCA. The answers to these questions and more are here in our April 2023 FCA Update.
DOJ Releases Statistics For 2022 FCA Settlements and Judgments. On February 7, 2023, the Department announced its 2022 FCA statistics, which included the collection of $2.2 billion in settlements and judgments–a majority of which continue to involve the healthcare industry. While the total financial recovery was down from the prior year, FY 2022 saw 351 FCA settlements and judgments, the second-highest annual total ever. In addition, DOJ initiated the most new FCA matters in almost two decades (296), and the number of qui tam lawsuits filed increased by 9% from last year (652). While healthcare continues to be the basis for most FCA...
Schubert Jonckheer & Kolbe LLP advises Vistagen Therapeutics, Inc. (NASDAQ: VTGN) investors that the firm is investigating potential legal claims arising from alleged false statements about Vi...