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State Higher Ed Entities Face Arm-of-the-State Test

Client Alert | less than 1 min read | 06.25.12

In US ex rel. Oberg v. Ky. Higher Educ., the Fourth Circuit considered whether corporate entities created by several states to provide higher education financing (and accused of making false claims to DOE) are "persons" subject to FCA liability. The court stated that "the critical inquiry is whether [the entities] are truly subject to sufficient state control to render them a part of the state, and not a 'person,'" and instructed that Eleventh Amendment "arm-of-the-state" analysis applies to determine if they are subject to liability.


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Client Alert | 6 min read | 11.03.25

The Founder’s Guide to Effective Year-End Board Meetings

As a founder, your days are packed — building product, managing people, and trying to grow fast enough to stay alive. It’s easy for the end of the fiscal year to sneak up on you. But year-end board meetings are one of your best opportunities to show investors that your company is operating effectively and that you’re a thoughtful, disciplined leader....