litigation
confidence high
sentiment positive
materiality 0.65
Lindsay Corporation False Claims Act lawsuit dismissed; DOJ found claims lacked merit
LINDSAY CORP
- Qui tam lawsuit filed in March 2019 under seal alleging False Claims Act violations related to X-Lite end terminal.
- U.S. Attorney's Office determined claims lack merit and moved to dismiss; court ordered dismissal without prejudice on Oct 26, 2023.
- Relator filed voluntary dismissal on Oct 12, 2023; DOJ consented based on public interest and resource considerations.
- Twelve states joined as plaintiffs; all states had no objection to dismissal.
- Investigation initiated June 2019 concluded; no financial penalty or admission of liability.