March 13, 2008 marked the one year anniversary of the Virginia Fraud Against Taxpayers Act’s /files/116785-109034/DRA_regs.pdf”>Deficit Reduction Act of 2005. In a nutshell, the Commonwealth now gets an extra 10% of all monies received in false claims cases brought under the Virginia statute.
This is one of the biggest reasons for Virginia’s jump in recoveries for Medicaid fraud.
Almost immediately, the Commonwealth began to experience the benefits of passing a OIG-approved false claims act. On May 10, 2007, for example, a nationwide settlement of more than $600 million was announced against the Purdue Frederick Company, Inc. Virginia’s cut was a total of $58.8 million dollars.
Next week, we will begin looking at what this has meant for the Commonwealth’s budget in the past year.
Zachary A. Kitts
Cook & Kitts, PLLC
The Deficit Reduction Act of 2005 and the Virginia Fraud Against Taxpayers Act: One Year Anniversary
By Zachary Kitts on March 21, 2008 in Potential Uses of the Virginia Fraud Against Taxpayers Act
- Professionalism in Client Relations
- It’s Official — K&G Law Group has the largest settlement in Virginia for 2018
- Federal False Claims Act case against Virginia Birth Injury Fund settles for $20.7M
- Small is the New Big in Law Firms — but some folks still don’t get it
- My two-cents on law as a career — for what it’s worth
- One way to handle the other side’s resistance to paying attorney’s fees – “We’re made from rubber, and you’re made from glue….”
- West Virginia Attorney General Patrick Morrisey reviews his first 100 days in office…and puts a West Virginia False Claims Act at the top of his wish list
- Interesting Opinion on Lawyer Contingency Fees … And Proof that no good deed goes unpunished.
- Truly There Is Nothing New Under the Sun — And Even Lance Armstrong’s Highly Paid Lawyers Can’t Come Up with Something New….