Author Archives: Site Administrator
Johnson and Johnson Settles Texas Qui Tam Action
Johnson and Johnson (“J&J”) has agreed to settle a Texas qui tam lawsuit brought by whistleblower Allen Jones for $158 million. The settlement ended the trial which had begun earlier this month. The qui tam complaint filed in 2004 alleged that J&J used false marketing practices in order to influence Medicaid officials to spend… Read More »
Qui Tam Lawsuit Against New York City Settled for $70 Million
A qui tam action filed against New York City has settled for $70 million. A qui tam action is a whistleblower lawsuit brought by an individual as a “relator” on behalf of the federal government. The whistleblower lawsuit alleged that the New York City Human Resources Administration improperly overcharged the Federal Medicaid program for… Read More »
SEC Charges Stifel Nicolaus with Selling Fraudulent Investments to School District
The SEC has charged St. Louis-based brokerage firm Stifel, Nicolaus & Co. and a former senior executive with defrauding several Wisconsin school districts by selling them unsuitably risky and complex investments funded largely with borrowed money. The SEC is alleging that Stifel and Senior Vice President David W. Noack created a proprietary program to… Read More »