Chicago Lawyer Has Filed More Than 900 Qui Tam Actions Against Internet Retailers
Attorney Stephen B. Diamond of Chicago has filed at least 911 qui tam actions in Cook County Circuit Court under the Illinois False Claims Act (FCA) and has racked up almost $30 million in settlements over 15 years, a new analysis by Bloomberg BNA reveals.
But the analysis shows that Chicago’s “king of qui tam” could be facing tougher sledding in the enterprise that has brought him $11.6 million.
“Bloomberg BNA’s analysis, drawn from hundreds of previously confidential settlements collected though a Freedom of Information Act request on the Illinois Attorney General’s Office, provides the first clear picture of Diamond’s false claims business model and the financial impact it has had on hundreds of defendants,” Bloomberg reports.
