State AGs Are Realizing Power Of False Claims Statutes

In a commentary on Law360, attorneys at Troutman Pepper say state attorneys general are using local statutes to tackle cybersecurity misrepresentations, private equity firms' misconduct, and securities fraud. "We expect state attorneys general to increasingly take advantage of their states' false claims statutes, which provide them great power as sovereigns to hold individuals and corporate entities accountable for allegedly defrauding their states' governments," they write.