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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-09-29T14:41:00
Aerospace giant Boeing agreed to pay $8.1 million as part of a settlement with the Department of Justice (DOJ) addressing allegations it submitted false claims regarding military aircraft contracts it had with the Navy.
The case was brought under the qui tam provisions of the False Claims Act, with the three whistleblowers that came forward receiving a total of more than $1.5 million, the DOJ announced in a press release Thursday.
Of the settlement total, approximately $1.9 million is restitution and about $1.1 million will cover attorneys’ fees, according to the settlement agreement.
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News and analysis for the well-informed compliance or audit exec.
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2024-01-22T16:00:00Z By Kyle Brasseur
Hilcorp San Juan agreed to pay $34.6 million as part of a settlement with the Department of Justice addressing allegations of False Claims Act violations regarding underpaid royalties on oil and natural gas produced from federal lands.
2023-11-07T22:00:00Z By Kyle Brasseur
GE Aerospace, an operating division of General Electric, agreed to pay more than $9.4 million as part of a settlement with the Department of Justice addressing allegations the company sold parts to the U.S. military without proper inspections or specifications.
2023-09-06T20:46:00Z By Jeff Dale
Verizon Business Network Services agreed to pay approximately $4.1 million to settle allegations levied by the Department of Justice regarding false claims caused by failure to fully implement cybersecurity controls required of a government contractor.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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