WHEN:Tuesday, June 11, 2013 to Tuesday, June 11, 201311:30 a.m. - 1:00 p.m.
Federal and state governments increasingly rely on “whistleblowers” to report alleged violations of law by businesses and are rewarding those whistleblowers with a portion of any financial recovery made as a result of the whistleblower’s complaint. Last year alone, for example, the federal government recovered approximately $3.325 billion dollars as a result of False Claims Act “qui tams” filed by whistleblowers, and it paid out nearly $431 million to the whistleblowers who brought these claims. Best known of the whistleblower statutes, the False Claims Act provides for broad liability and ruinous penalties, and its critics charge that it is increasingly applied in simple contract disputes with the federal government. In the last few years, the federal government, states, and in some instances even cities have passed additional whistleblower bounty laws, such as the Dodd-Frank Whistleblower Program applying to securities law violations and the IRS Whistleblower program, which expand liability beyond those simply doing business with government. As a result, businesses need to know about these laws and how best to protect themselves. Phelps Dunbar attorney Brian Albritton will present a lively discussion of this topic at the June 20th Association of Corporate Counsel West Central Florida Chapter's CLE Luncheon at Fleming's Steakhouse.