In The News Today – August 1, 2014
McKnight’s Long Term Care News reports on former U.S. Deputy Attorney General David Ogden’s House testimony on the False Claims Act on behalf of ILR. Ogden “proposed revising the False Claims Act by creating incentives for compliance programs to reduce the amount of ‘weak’ whistleblower cases.” He also offered suggestions such as “reducing penalties for self-reported violations; removing the threat of future qui tam, or civil, cases; and requiring whistleblowers to make internal reports of potential FCA violations at least 180 days before filing a qui tam case.” (McKnight’s Long Term Care News)
The NCAA this week agreed to pay $70 million to “set up a concussion-screening framework” under a proposed settlement with former student-athletes. Attorneys say the deal would keep the “organization’s future litigation exposure low” by requiring players to bring individual suits, rather than class actions, in order to seek recovery for treatment or injuries. (Law360)
The New York Stock Exchange, Nasdaq and other large exchanges on Thursday told a New York federal judge they are “immune from class action lawsuits accusing them of breaching contracts with investors” by providing high-frequency traders with advance access to market data. (Law360)
