fbpx
News
June 5, 2014

In The News Today – June 5, 2014

The U.S. Second Court of Appeals issued a ruling which said that, “U.S. District Judge Jed Rakoff erred in rejecting a $285 million settlement between the Securities and Exchange Commission and Citigroup Inc.” In that 2011 decision, Judge Rakoff rebuked the SEC for allowing the bank to settle without acknowledging it had done anything wrong. The Wall Street Journal’s Christopher Matthews writes that this ruling, “effectively gives a green light for the SEC to determine whether settlements should include an admission of wrongdoing.” (Wall Street Journal)

The New York Times editorial board writes that two recent unanimous Supreme Court decisions — Nautilus Inc. v. Biosig Instruments Inc. and Limelight Networks Inc. v. Akamai Technologies Inc. — “should reduce abusive and frivolous patent litigation by raising the standards by which judges decide such cases.” (New York Times)

The U.S. Department of Justice is urging the U.S. Supreme Court not to take up a False Claims Act case that, “raises questions about the law’s statute of limitations during periods of war.” KBR Inc. has asked the Supreme Court to review a Fourth Circuit decision in a lawsuit brought by relator Benjamin Carter, “a former reverse osmosis water purification unit operator in Iraq who accused Halliburton and KBR of cheating the U.S. government on bills for water purification work there.” The Fourth Circuit held that a little-used World War II-era law suspends the False Claims Act’s statute of limitations during wartime, a ruling that could eviscerate the time limits for civil and criminal fraud cases against government contractors. (Law360)

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