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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-01-18T18:41:00
An opinion in a long-running court case involving software company Gen Digital and alleged violations of the False Claims Act saw proposed costs in the matter jump from $1.3 million to approximately $53 million following successful arguments by the U.S. government.
Gen Digital, formerly Symantec Corp. and NortonLifeLock, was accused by former employee Lori Morsell in 2012 of not appropriately disclosing certain discounts and rebates offered to customers in a manner that undermined a General Services Administration (GSA) contract. The U.S. government moved to intervene in the qui tam case.
The court initially calculated rebate damages at approximately $1.1 million and civil penalties at $231,000 in relation to the case. Arguments by the U.S. government regarding each total led to the opinion published Tuesday by U.S. District Judge Rudolph Contreras for the District of Columbia and new calculations of approximately $16.1 million in rebate damages and $36.9 million in civil penalties.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-03-28T21:11:00Z By Jeff Dale
Missouri-based Gamma Healthcare and three of its owners agreed to pay approximately $13.6 million to settle charges levied by the Department of Justice of violating the False Claims Act by improperly billing Medicare for tests that were not ordered or medically necessary.
2024-01-22T16:00:00Z By Kyle Brasseur
Hilcorp San Juan agreed to pay $34.6 million as part of a settlement with the Department of Justice addressing allegations of False Claims Act violations regarding underpaid royalties on oil and natural gas produced from federal lands.
2024-01-17T17:37:00Z By Kyle Brasseur
New Jersey-based Silver Lake Hospital agreed to pay more than $18.6 million as part of a settlement with the Department of Justice addressing allegations of false claims submitted to Medicare for inpatient cost outlier payments.
2024-12-13T19:00:00Z By Aaron Nicodemus
Financial services firm Cantor Fitzgerald will pay a $6.75 million fine to the Securities and Exchange Commission for making misleading statements regarding two special purpose acquisition companies that it controlled.
2024-12-10T18:35:00Z By Adrianne Appel
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
2024-12-06T17:31:00Z By Aaron Nicodemus
A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
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