Delaware Company to Pay More Than $3.34 Million to Resolve False Claims Act Allegations Related to Paycheck Protection Program Loan
Novum Pharmaceutical Research Services of Delaware, Inc. (“Novum”), a Delaware corporation with its principal place of business in Pittsburgh, Pennsylvania, has agreed to pay $3,345,000 to resolve allegations that it improperly obtained a Paycheck Protection Program (“PPP”) loan from the U.S. Small Business Administration (“SBA”) for which it was not eligible.
What happened
Novum Pharmaceutical Research Services of Delaware, Inc. (“Novum”), a Delaware corporation with its principal place of business in Pittsburgh, Pennsylvania, has agreed to pay $3,345,000 to resolve allegations that it improperly obtained a Paycheck Protection Program (“PPP”) loan from the U.S. Small Business Administration (“SBA”) for which it was not eligible.
Why it matters
The development may change operating conditions or market expectations around Regulation. Further confirmation and measurable outcomes matter.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Delaware Company to Pay More Than $3.34 Million to Resolve False Claims Act Allegations Related to Paycheck Protection Program Loan ↗
Claims
- Delaware Company to Pay More Than $3.34 Million to Resolve False Claims Act Allegations Related to Paycheck Protection Program Loan Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
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