$6.2M settlement in NY tax whistleblower case

A medical imaging company that conducted business in New York and made millions in profits recently settled with the state for $6.2 million in a whistleblower case for alleged tax fraud. Lantheus Medical Imaging Inc. and its former parent company, Bristol-Myers Squibb, sold medical diagnostic equipment  from 2002-2006 but  evaded various business taxes during that time. The case was brought to light by a tax services provider who filed a whistleblower complaint under the New York False Claims Act in 2012. The act has been hailed as a valuable and powerful civil enforcement tool.  The driving reason for its success is that those who file whistleblower cases under the False Claims Act are entitled to up to 30 percent of money recovered by the government in connection with the information they provide. Kline & Specter lawyers David Caputo and David Williams represented the whistleblower in this case and helped him recover a reward of $1,137,814.80.