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June 28, 2021 Uncategorized

The Inherent Risks of Securities-Backed Lines of Credit

For investors seeking quick—and virtually unrestricted—cash without having to sell their investments, securities-backed lines of credit (“SBLOC”) have emerged as an exceedingly popular option. The SBLOC concept is simple. For monthly interest-only payments, brokerage firms extend to investors a revolving line of credit that is collateralized against assets in the […]
October 21, 2014 Uncategorized

Understanding the Third Circuit’s Foglia Pleading Standard in False Claims Act Cases

When it comes to False Claims Act litigation, one of the most hotly-contested issues surrounds the standards for pleading a claim with specificity. As we have reported in the past, the federal circuit courts are decidedly split on the issue, with several requiring an extremely intensive, fact-specific pleading standard alleging […]
October 20, 2014 Uncategorized

New Jersey District Court Denies PharMerica’s Motion to Dismiss in Ongoing Omnicare Case

As you may recall, our law firm has maintained a steadfast involvement in the False Claims Act case against pharmacy services giants Omnicare, Inc. and Pharmerica, representing pharmacist relator Marc Silver in his quest to expose the defendant’s ongoing fraud committed against Medicare and Medicaid. In a recent order entered […]
September 15, 2014 Uncategorized

Fox, Rx Loses False Claims Act Bid Against Omnicare, et al.

Repeat offender Omnicare, a nationwide pharmacy services organization, was recently pitted against Fox, Rx, a Medicare Part D program sponsor, in a False Claims Act lawsuit, alleging several counts of fraud involving government healthcare programs. Unlike the liability faced by Omnicare in several other lawsuits, it was able to avoid […]
July 22, 2014 Uncategorized

Department of Justice Formally Announces Settlement With Omnicare

As you may recall, we reported heavily months ago on the breadth of the False Claims Act allegations facing Omnicare, Inc. Omnicare, a company reigning as one of the top providers of pharmacy services to nursing homes, has been embroiled in widespread allegations of fraud and unlawful kickbacks spanning years. […]
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