fbpx
News
October 16, 2017

DOJ Drops “Closely Watched” False Claims Act Suit

Representative Ann Wagner (R-MO) has introduced the Protecting Advice for Small Savers Act, which would repeal the Department of Labor’s controversial fiduciary rule and replace it with a best-interest standard instead, reports Legal Newsline.

Rep. Wagner pointed to a study by the U.S. Chamber of Commerce that found that low and middle income retirement savings investors have already begun to feel negative effects of the rule. Wagner said her bill will “protect these investors by creating a best interest standard for broker-dealers that benefits consumers and protects their access to financial advice.”

Supreme Court Qui Tam Action Blog Supreme Court to Review Qui Tam Action Dismissal Standards  False Claims Act (FCA) Blog Law 360 Expert Analysis: "False Claims Act Proposal Is Unfair And Would Hinder Economic Growth" False Claims Act (FCA) U.S. Department of Justice building in Washington D.C. News Reuters "Has An Investor-Backed FCA Whistleblower Reached The End of the Road?" False Claims Act (FCA) U.S. Department of Justice building in Washington D.C. Blog Flying Blind: Secret Funding in Government Lawsuits and What to Do About It False Claims Act (FCA), Third Party Litigation Funding (TPLF) News On Appeal, Justice Dept. Prevails In Bid To Dismiss Pharma Fraud Case False Claims Act (FCA)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings