The Top FCA Developments of 2023
Client Alert | 1 min read | 03.12.24
2023 brought many important False Claims Act developments for companies with business involving government funds. While overall recoveries remained down compared to pre-2022 levels, the total number of settlements and judgments exceeded any prior year. Those settlements and judgments also highlight areas of particular focus for the Government, including cybersecurity compliance, pandemic fraud, and small business fraud, among others. Of particular note, 2023 saw the U.S. Supreme Court issue decisions concerning the Government’s authority to dismiss qui tam actions and the critical element of scienter/knowledge that will have wide-reaching impact. The courts of appeals also issued significant decisions on damages, materiality, and more. Crowell attorneys discuss these highlights and others in a "Feature Comment" published in The Government Contractor.
Insights
Client Alert | 2 min read | 11.14.24
SEC ESG Enforcement Is Still Alive
On November 8, 2024 the SEC announced a settled enforcement action against Invesco Advisers, Inc. for making misleading statements about its integration of environmental, social, and governance (ESG) factors into the firm’s investment decisions. Invesco agreed to pay a $17.5 million civil penalty to settle the matter. This enforcement action makes it clear that, even though the SEC dissolved its ESG Task Force, the Commission continues to monitor firms’ statements and representations for misleading statements about ESG.
Client Alert | 8 min read | 11.12.24
Client Alert | 3 min read | 11.11.24
Allegations of a Litany of Lyin’: Penn State Settles Claims of Cybersecurity Noncompliance
Client Alert | 1 min read | 11.08.24
A Common-Sense Change to the Continuous SAM Registration Requirement at FAR 52.204 7