Sat, Jul 18, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: DOJ renews focus on private equity amid record false claims act enforcement

Wednesday, February 28, 2024

By: Ilene Albala, Gregory Demske, Allan Medina, Kirk Ogrosky, Maura Friedlander, Jordan L. Moran, from American law firm Goodwin Proctor.

2023 was another record year for False Claims Act enforcement. On February 22, 2024, the U.S. Department of Justice (DOJ) announced that the federal government and whistleblowers were party to a record number of FCA settlements and judgments in Fiscal Year 2023. Of the $2.68 billion recovered, more than $1.8 billion related to matters involving the healthcare industry.

Principal Deputy Assistant Attorney General Brian Boynton, who oversees DOJ's Civil Division, touted DOJ's record year in remarks that he delivered at the 2024 Federal Bar Association's Qui Tam Conference. Speaking to relators' counsel and the defense bar, Boynton observed that DOJ had been incredibly busy in 2023. The Department had begun investigating 712 qui tam lawsuits, and it had set another record by opening more than 500 new non-qui tam investigations.

After touting DOJ's recent successes, Boynton previewed the Department's enforcement priorities for 2024: (1) cybersecurity, (2) pandemic-related fraud, and (3) healthcare fraud. Boynton noted that "since the early 2000s, healthcare has consistently been the largest area of enforcement and recovery under the False Claims Act."

Boynton noted four areas of focus for the Department within healthcare. The first three were the "the use of financial inducements to generate referrals......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m