Whistleblower to Collect $45M

whistle.jpgAs the results of a whistleblower lawsuit under the federal False Claims Act, a division of Quest labs of New Jersey entered a guilty plea in federal court to a felony charge of misbranding in Wednesday and agreed to pay $302 million which includes a 40 million dollar criminal penalty to settle charges that it marketed a flawed renal testing kit for kidney dialysis patients that produced inaccurate results.
Thomas Cantor, a CEO of a lab in California , will collect $45 million of the settlement as Relator. Under the False Claims Act, a Relator privately initiates a lawsuit on behalf of the government for fraud on government programs and receives up to 15 percent of any recovery.
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