Monday, January 9, 2012

Whistleblowers Earn Record $532 Million In 2011


By Aruna Viswanatha
Jan 6 (Reuters) -
 
Whistleblowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such payouts, according to a law firm study published on Friday.

"The 2011 numbers - based on the government's fiscal year from October through September - are helped by one of the largest payouts ever, to a former GlaxoSmithKline Plc employee.

In October 2010, a GSK quality manager won $96 million for exposing manufacturing defects at a plant in Puerto Rico. The company paid $750 million to settle the charges.