Author Archives for Tirzah Lollar and Kathleen Neace

The Board’s Role in Mitigating U.S. False Claims Act Risks

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The U.S. False Claims Act (FCA) is an anti-fraud statute used to police the conduct of companies that accept federal funds or have payment obligations to the federal government. The government has been hugely successful in pursuing FCA cases, collecting $26.4 billion from 2009-2015, with $5.5 billion and $3.5 billion in 2014 and 2015, respectively. In light of these staggering figures, every company potentially subject to the FCA must be aware of and take steps to minimize its FCA compliance risk. The FCA imposes liability on companies and individuals that submit “false claims” for payment to the government. Originally termed... Read More