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Private Equity Firm Settles with DOJ in False Claims Act Matter Based on Claims Submitted by Its Health Care Portfolio Company

Compounding pharmacy Diabetic Care Rx, LLC d/b/a Patient Care America (“PCA”), two individual executives, and the pharmacy’s private equity fund owner, Riordan, Lewis & Haden, Inc. (“RLH”) recently reached a $21 million settlement with the U.S. Department of Justice (“DOJ”) to resolve allegations that the parties engaged in an illegal kickback scheme resulting in submission of false claims to the government in violation of the False Claims Act (“FCA”).

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Supreme Court's Credit Suisse Securities Decision Shields Corporate Insiders from Endless Liability for Short-Swing Profits Under § 16(b) of the Securities Exchange Act of 1934

Practices: Private Equity, Life Sciences, Corporate & Securities Litigation, Appellate & Supreme Court, Securities & Public Companies

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