Oberg v. Nelnet, Inc.
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TELG Client Jon Oberg discovered that student lender Nelnet received improperly high payments on student loans. TELG filed a qui tam action under the false claims act and Nelnet eventually settled for $55 million.
Summary of Filed Complaint
TELG Client Jon Oberg discovered fraud involving student loans. The Employment Law Group, PC brought a qui tam action to recover the money for the government.
What Happened in Court
TELG Client Jon Oberg was a researcher for the Department of Education. Oberg discovered that Nelnet and other lenders were receiving hundreds of millions of dollars in excess subsidy payments for student loans. The Employment Law Group, PC filed a qui tam action on behalf of the federal government to recover the money. Nelnet eventually settled for $55 million. The case involved several other lenders and is still ongoing.