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: False Claims Act - Qui Tam

SEC whistleblower program should emulate FCA, lawyer says

By Phillips & Cohen LLP

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In an letter to the Financial Times, attorney Erika Kelton says that the proposed bounty program for SEC whistleblowers could be more effective.

Kelton, a partner at Phillips & Cohen LLP, recommends that the program include an "action-forcing mechanism." Under the False Claims Act, the Department of Justice is required to decide with a specified time whether or not it will intervene in a qui tam action. Without such a mechanism, Kelton says, the SEC bounty program will be less effective.

Full post as published by False Claims Act - Qui Tam on July 06, 2009 (boomark / email).

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