A Japanese textile company that could be on the hook for hundreds of millions of dollars in a fraud suit is vigorously fighting the U.S. Department of Justice and a whistle-blower, setting up the potential for a rare trial under the False Claims Act.
Consumer protection lawyers from the Justice Department and attorneys for the company, Toyobo Co. Ltd., said in court papers filed in Washington in March that there have been no settlement discussions. The company appears headed for trial in a case that it has been fighting for eight years.
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