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Qui Tam Defective Bulletproof Vests Case Settles for $66 Million

By McCabe Rabin, P.A. |

A settlement was recently announced in a long-running qui tam case brought by whistleblower Aaron Westrick, Ph.D., who alleged Toyobo Co. Ltd. of Japan and its American subsidiary, Toyobo USA Inc., (collectively, Toyobo), sold Zylon fiber that was defective. This fiber was used for bulletproof vests purchased by the United States government for federal,… Read More »

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Legal3

Frequently Asked Questions about SEC Whistleblower Actions

By McCabe Rabin, P.A. |

If you have information that you think may be of interest to the SEC, it’s important to understand the basics surrounding the whistleblower program, what the eligibility requirements are, and what potential limitations are in place. Whistleblower actions with the SEC are covered under Section 922 of the Dodd-Frank Wall Street Reform and Consumer… Read More »

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Legal5

SEC Issues First Whistleblower Award of $2.2 Million Under Safe Harbor Rule

By McCabe Rabin, P.A. |

The Securities and Exchange Commission, or SEC, announced in April that it issued an award of $2.2 million to a whistleblower for the first time under what’s known as the ‘safe harbor’ rule. The whistleblower’s tip to one federal agency resulted in an SEC enforcement action. The whistleblower reported information to a federal agency… Read More »

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Fraud3

Common Types of Whistleblower Fraud

By McCabe Rabin, P.A. |

Whistleblower cases, known as Qui Tam cases, are ones that are brought against companies who are committing fraud against the United States government for financial gain. These types of cases can come from many sources, but some of the most common whistleblower cases are: Health Care Fraud It probably comes as no surprise that… Read More »

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ScalesTable

New IRS Task Force — Could This Mean More Whistleblower Awards?

By McCabe Rabin, P.A. |

The Wall Street Journal shared news that the IRS is forming a new task force within its criminal investigations unit. The team of 10 agents will be solely focused on international tax enforcement. They are assembling experts who will follow the funds of financial criminals and tax cheats, no matter where they are in… Read More »

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Whistleblower3

What is the Dodd-Frank Act?

By McCabe Rabin, P.A. |

The Dodd-Frank Act’s official name is the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed in 2010 during the Obama administration to address concerns surrounding the 2008 financial crisis. It gets its name from U.S. Senator Christopher J. Dodd and U.S. Representative Barney Frank, who were the original sponsors. It enhances… Read More »

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Invest3

What to Know about Investing in Municipal Bonds

By McCabe Rabin, P.A. |

If you’re considering different investment options, municipal bonds may be a viable option. Municipal bonds can be worthwhile if you’re looking for tax-free income streams while preserving capital. What are Municipal Bonds? Often called “munis” for short, municipal bonds are issued by various government entities and U.S. territories. There are two varieties of municipal… Read More »

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BusPartners

Involuntary Dissociation with Florida LLCs

By McCabe Rabin, P.A. |

Newly formed LLCs in Florida run the risk of drafting an operating agreement that is missing key elements, like what to do when the LLC members reach a deadlock. Even if your LLC does not have an operating agreement that discusses how to remove a member, Florida’s Revised Limited Liability Company Act (the Act)… Read More »

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BusContract2

Instituting a Deadlock-Breaking Mechanism in Your LLC Operating Agreement

By McCabe Rabin, P.A. |

Disagreements between LLC members, at some tpoint,  are inevitable. When members fail to reach an agreement on certain material matters, or set a dispute resolution procedure to break a tie vote, it is typically referred to a “deadlock.” Deadlocks can break down business processes, cause efficiency problems and loss of revenue, present distractions and… Read More »

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Legal2

Dissolving an LLC in Florida

By McCabe Rabin, P.A. |

When starting a new LLC, there is typically optimism that the business will be successful and that the members will get along well.  In reality, however,  things happen over time and disputes may arise between members in an LLC. In these cases, there is a some chance the LLC will be headed to what… Read More »

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