The former head of the real estate investments and capitalization practice groups at Troutman Sanders was one of five defendants to reach a $14 million civil settlement with federal prosecutors in Boston on Friday stemming from an alleged $50 million kickback scheme, according to an announcement by the Justice Department.
The settlement comes nearly four months after prosecutors filed civil claims against Troutman partner Leonard Grunstein, real estate investor Rubin Schron and investment banker Murray Forman in connection with a $98 million civil settlement reached in November between the Justice Department and Covington, Ky.-based Omnicare, the nation’s largest provider of pharmacy services to nursing homes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]