Bentham IMF, the U.S. subsidiary of the publicly traded Australian litigation finance firm of the same name, announced on Tuesday it is unrolling a new program to finance whistleblower lawsuits.
The most standard type of whistleblower suit is filed under the False Claims Act, and allows a person to file a civil claim against a business or individual that is defrauding the U.S. Treasury. That person is entitled to a percentage of any money that is recovered for the Treasury as a result of their suit.
Often, whistleblower lawyers work on a contingency basis, and take their fees out of the recovery, so ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.