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New York: Judge Approves Settlement in Whistleblower Case Involving Transfer Pricing Arrangements
Case 1:21-cv-06883-LJL, S.D.N.Y. (8/31/22). A federal district court judge recently determined that New York State’s proposed $100,000 settlement of a “whistleblower” lawsuit under New York’s False Claims Act was “fair, reasonable, and adequate.” The case, in which New York State successfully intervened, involved a company’s transfer pricing arrangements and whether the company knowingly underpaid New York taxes. The judge commented that the case “turns on unsettled questions regarding the allocation of authority over tax reporting between the federal government and state and local governments of enormous significance.” Please contact us with any questions.
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