The former head of the real estate investments and capitalization practice groups at Troutman Sanders was one of five defendants to reach a $14 million civil settlement with federal prosecutors in Boston on Friday stemming from an alleged $50 million kickback scheme, according to an announcement by the U.S. Department of Justice.
The settlement comes nearly four months after prosecutors filed civil claims against Troutman partner Leonard Grunstein, real estate investor Rubin Schron and investment banker Murray Forman in connection with a $98 million civil settlement reached in November between the Justice Department and Covington, Ky.-based Omnicare, the nation’s largest provider of pharmacy services to nursing homes (NYLJ, Nov. 6, 2009).
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