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A private real-estate manager with more than $1 billion in assets under management has agreed to settle a whistleblower action for allegedly abusing a federal pandemic loans program meant for small businesses.
Whistleblowers often face the unfounded accusation of being “opportunists” or “parasites” taking advantage of what defendants claim was already known to the government or known to the public. It is often an unfair smear, but also speaks to an important but complex part of the False Claims Act: the “public disclosure bar.”
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