NEW YORK, April 6, 2021 / PRNewswire / – Tribeca Capital Group, LLC, one of the nation’s leading litigation lenders, has announced a campaign to help meet the financial needs of whistleblowers who file lawsuits to report activity corporate fraud and other wrongdoing.
Tribeca Capital Group provides commercial litigation loan assistance to claimants in whistle-blowing actions.
Tribeca is one of the few litigation loan companies in the United States to offer advances to claimants in so-called qui tam cases, a special type of commercial whistleblower litigation brought under the False Claims Act against a company that has defrauded or otherwise made a claim wrongly against the federal government. Many states have also enacted their own misrepresentation laws.
In general, qui tam and other whistleblower actions are designed to protect the integrity of government revenue and procurement systems by allowing someone with specific knowledge of wrongdoing to bring an action on behalf of the government. and claiming a reward, usually a percentage of what the government recovers. A case filed under the False Claims Act can result in a whistleblower reward of 15-25%.
Candice Payrovi, Director of Operations at Tribeca Capital Group, LLC describes the impetus of some common cases of qui tam. “The highest percentage of claims brought by tam claimants relate to health care and services adjacent to health care, particularly overbilling by unscrupulous Medicare and Medicaid providers. Coronavirus lawsuits are also gaining ground. whistleblowers, as well as defense contractors. Consider the infamous $ 640 toilet seat and the $ 435 hammer. ”
Payrovi explained why his company is eager to work with whistleblowers. “Qui tam and prosecution under the misrepresentation law” are particularly difficult because they are by definition high value questions and the stakes are high. The people who bring these cases are protected by law against retaliation in employment, but many are unfairly forced out of often lucrative jobs, and it could be some time before their problems are resolved. ”
Because qui tam actions and bogus claims do not follow the traditional litigation model, many brave souls who carry these cases do not realize that they might be eligible for a litigation loan from Tribeca. The rewards in a tam case can be substantial, but complex cases can take months or even years to resolve. A litigation loan from Tribeca can help whistleblowers survive the financial stress that often accompanies these cases. Donadio also pointed out that whistleblowers are protected by a guarantee that eliminates their personal liability for reimbursement if, for some reason, the case does not result in any reward.
If you have filed a whistleblower action and want to determine if you qualify for a litigation loan on your award, contact Candice Payrovi, Tribeca Capital Group at (866) 388-2288.
Contact: Candice Payrovi, COO Email: [email protected]Phone: (866)388-2288
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SOURCE Tribeca Capital Group, LLC