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Tom Sandell, chief executive officer and chairman at Sandell Asset Management Corp., listens during a Bloomberg Television interview in New York, U.S., on Thursday, Oct. 6, 2016. Photo: Christopher Goodney/Bloomberg Tom Sandell, chief executive officer and chairman at Sandell Asset Management Corp., listens during a Bloomberg Television interview in New York, U.S., on Oct. 6, 2016. Photo: Christopher Goodney/Bloomberg

State and city officials have obtained the largest-ever recovery from an individual under the New York False Claims Act, reaching a $105 million settlement with Thomas Sandell, a billionaire hedge fund manager, in a qui tam whistleblower action that alleged Sandell had bilked the state and New York City out of taxes on $450 million in fees.

The whistleblower in the case, referred to as Tooley LLC in a settlement document and a 2018 complaint now made public, will take home $22.05 million, or 21%, of the government’s recovery, according to the document and Tooley’s lawyers at Kirby McInerney.

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Jason Grant

Jason Grant is a staff writer covering legal stories and cases for the New York Law Journal, the National Law Journal and Law.com, and a former practicing attorney. He's written and reported previously for the New York Times, the Star-Ledger, the L.A. Times and other publications. Contact him at [email protected] On Twitter, pls find him @JasonBarrGrant

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