Stipulation and Order — U.S. v. Alice + Olivia, LLC (S.D.N.Y.)

Summary

A stipulation and order of settlement and release between the United States and relator Verity Investigations, LLC in United States of America v. Alice + Olivia, LLC, 24 Civ. 5038 (AT), in the U.S. District Court for the Southern District of New York, filed February 5, 2026 as Document 11 and so ordered by Hon. Analisa Torres. It recites the relator's July 2, 2024 qui tam complaint and the government's January 24, 2026 complaint-in-intervention alleging that Alice + Olivia reported 293 employees on its Second-Draw PPP loan application and 271 on its forgiveness application when it employed greater than 300 persons. Under a separate settlement Alice + Olivia agreed to pay $3,200,000 plus interest at 3.77%. The United States will pay the relator ten percent (10%) of the payment received, $320,000 plus interest, and the relator releases further share claims.

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