Toyo Ink to Pay $45 Million to Resolve False-Claims Case

Date: Thursday December 20, 2012 07:52:25 am

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Toyo Ink to Pay $45 Million to Resolve False-Claims Case
<cite class=”byline”>By Tom Schoenberg 
</cite>
<a href=”http://www.bloomberg.com/quote/4634:JP” title=”Get Quote” class=”web_ticker”>Toyo Ink SC Holdings Co. (4634)</a> and affiliates agreed to pay $45 million to settle allegations of submitting false claims to the U.S. government to avoid <a href=”http://topics.bloomberg.com/import-duties/”>import duties</a>. 
Toyo Ink, a printer-ink maker based in Tokyo and affiliated companies in the U.S. disguised products’ country of origin on documents given to <a href=”http://topics.bloomberg.com/u.s.-customs/”>U.S. Customs</a> and Border Protection for eight years starting in 2002, the government said today in a statement. 
“Fair and lawful trade requires importers to truthfully identify their products and pay the appropriate duties,” U.S. Attorney <a href=”http://www.justice.gov/usao/ncw/meettheusa.html” title=”Open Web Site” rel=”external”>Anne M. Tompkins</a> in Charlotte, North Carolina, said in the statement. 
Toyo Ink, without admitting liability, agreed to the $45 million payment, of which John Dickson, who brought the case under the federal False Claims Act, will receive $7.87 million, according to a settlement agreement in federal court in Charlotte. 
Nancy Ikehara, a spokeswoman for Toyo Ink, didn’t immediately respond to an e-mail message seeking comment. 
The case is U.S., ex rel. Dickson v. Toyo Ink Manufacturing Co., 09-cv-00438, U.S. District Court, Western District of <a href=”http://topics.bloomberg.com/north-carolina/”>North Carolina</a> (Charlotte).
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December 20, 2012 at 7:52 AM

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