FCA Recoveries Come Crashing Back to Earth in the Second Quarter of Fiscal Year 2021
After recovering a record $3.23 billion in False Claims Act cases in the first quarter of Fiscal Year 2021, DOJ recovered a mere $186 million in the second quarter—the lowest quarterly total since Qui Notes began tracking FCA recoveries in 2016. To put that in perspective, DOJ recovered even less last quarter than it did in each of the second and third quarters of FY 2020, when the country was largely shut down as a result of the COVID-19 pandemic. Although FCA recoveries typically fluctuate from quarter to quarter, the median for the past five years sits around $680 million per quarter. Never have we experienced the roller coaster ride that FY 2021 has provided.
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