False Claims Act Relator Dismisses Lender In Case Stemming From PPP Loan

(September 1, 2023, 9:05 AM EDT) -- SAN DIEGO — In a lawsuit brought on behalf of the United States under the False Claims Act by a financial officer alleging that the company that formerly employed him received a Paycheck Protection Program (PPP) loan during the COVID-19 pandemic by altering or misrepresenting its payroll records, the financial officer filed a notice of voluntary dismissal as to the bank that made the PPP loan, without prejudice to himself or to the United States....