Updated Data on the False Claims Segment of the Litigation Industry
False claims litigation continues as a steady segment of the ever-growing litigation industry. New numbers and comments are set out in a March 7, 2016 summary from McGuire Woods. The article starts as follows, and is well worth reading in full:
“The United States Department of Justice has announced that it has recovered over $3.5 Billion from cases brought under the False Claims Act (FCA) in fiscal year 2015. This significant aggregate recovery is a slight decline from the $5.69 Billion that was recovered in fiscal year 2014; however, it is the fourth consecutive year in which the Federal Government has recovered at least $3.5 Billion in connection with False Claims cases.”
The numbers above do not include the salaries paid to DOJ lawyers, or the fees paid to outside defense lawyers or other professionals involved in case defense and investigation. One take-away is that fraud is good for lawyers and other professionals.