Wednesday, May 6, 2015

Can We Lower The Risk Of Qui Tam Lawsuits?

Can We Lower The Risk Of Qui Tam Lawsuits?

By Bob Oliver


Those who are familiar with fraud may, in turn, know the details regarding qui tam lawsuits. For those who do not know, these suits can be applied to various situations, ranging from overpayment of Medicare to unpaid taxes. How, exactly, can these lawsuits be prevented by those who may be fearful of legal consequences? From what I have seen, it's all about obtaining information, which is what these points will discuss in detail.

One of the first ways to prevent qui tam lawsuits is to inform employees as much as possible. Companies should make it a point to teach their workers about the False Claims Act, for example, which is able to protect them in case they report on fraud. What this means, more specifically, is that a whistleblower's employment will not be at risk. What this will do, more than anything else, is that it will help to inform those who probably wouldn't have seen much use in the information otherwise.

You should also have a legal counsel on hand. The main reason for this is that no matter how much an individual may not know about the FCA, as mentioned earlier, they still may not be effective at detecting fraud. What this means is that a counsel can be brought on in order to see if there are signs of fraud to be aware of. The sooner that you detect these actions, regardless of the industries they are in, the lower the risk of a lawsuit may be.

When it comes to the matter of qui tam lawsuits, it would be of the utmost importance to discuss alternative resources. There are many ways to gain information and the best ones take the form of authorities the likes of Whistleblowers Against Fraud. It's important to note that since they have covered various types of fraud in the past, they can inform you of other preventive measures as well. Take the time to inquire and the results will be worthwhile.

Qui tam lawsuits are, without question, some of the weightiest that can be imagined. However, if you're going to take part in this endeavor, it's of the utmost importance to know how these may be prevented. Suffice it to say, the aforementioned talking points serve as some of the greatest strategies to utilize. As long as this is done, there's no doubt that these particular suits will not be nearly as concerning as they probably would have been otherwise.




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