June 15, 2022
Former Lynn Tilton-piloted MD Helicopters Inc. has landed a mediated $31.5 million federal False Claims Act settlement with the U.S. Department of Justice and whistleblowers, saying in a Delaware bankruptcy court filing that the deal heads off nearly $110 million in triple damages liability in Alabama.
March 30, 2022
A global helicopter supplier once controlled by distressed debt mogul Lynn Tilton's Patriarch Partners landed in a Delaware Chapter 11 Wednesday carrying a bidder-to-beat purchase agreement led by a group that includes two creditors of the bankrupt, formerly Tilton-tied Zohar funds.
October 10, 2019
More than three years after the U.S. Supreme Court's landmark Escobar decision, courts continue to wrangle with how to interpret the ruling in False Claims Act suits, including in a spate of recent cases addressing two key questions the justices left open.
April 01, 2016
An Alabama federal judge on Thursday tossed a False Claims Act suit accusing MD Helicopters Inc. of exploiting an unethical relationship with a U.S. Army project manager to overcharge for choppers the Army purchased for foreign governments.
April 10, 2015
Former employees of the helicopter company owned by private equity adviser Lynn Tilton filed a beefed-up complaint alleging False Claims Act violations in Alabama federal court Thursday, days after an ex-U.S. Army colonel pled guilty to improperly negotiating his post-retirement job with the company.
September 17, 2014
An Alabama federal judge on Wednesday unsealed a False Claims Act lawsuit brought by two MD Helicopters Inc. employees accusing the company and its CEO of overbilling the U.S. Army for helicopters that were purchased for foreign governments.