Tom Sandell, chief executive officer and chairman at Sandell Asset Management Corp., listens during a Bloomberg Television interview in New York, U.S., on Oct. 6, 2016. Photo: Christopher Goodney/Bloomberg NY State, City Settle for Record $105M With Hedge Fund Manager in Qui Tam Tax Action
"We brought not only very compelling evidence to the government, we also partnered with [the state and city] in helping to pursue the investigation" said Randall Fox, a Kirby McInerney partner who led the representation of the qui tam whistleblower, Tooley LLC.
March 04, 2021 at 02:07 PM
6 minute read
State and city officials have obtained the largest-ever recovery from an individual under the New York False Claims Act, reaching a $105 million settlement with Thomas Sandell, a billionaire hedge fund manager, in a qui tam whistleblower action that alleged Sandell had bilked the state and New York City out of taxes on $450 million in fees.
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