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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-04-25T19:10:00
A Utah-based military equipment manufacturer agreed to pay $21.8 million to settle false claim charges levied by the Department of Justice (DOJ) regarding double-billing the Department of Defense (DOD) for certain parts.
L3 Technologies knowingly billed the DOD twice for nuts, bolts, and other common parts in dozens of contracts between 2008 and 2011, the DOJ said in a settlement agreement, filed Monday in U.S. District Court for the District of Utah.
In conjunction, the DOJ agreed to pay nearly $8 million to settle a lawsuit filed by L3 against the agency over breach of contract. The lawsuit alleged that in “an effort to prevent L3 from continuing to double-charge for common-stock items, the [DOD] improperly prohibited L3 from charging certain other costs,” the DOJ said.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2023-06-02T19:18:00Z By Adrianne Appel
Tenet Healthcare, Vanguard Health Systems, and the Detroit Medical Center agreed to pay $29.7 million as part of a settlement with the Department of Justice addressing allegations they provided kickbacks to doctors who made referrals to their health organizations.
2023-05-18T18:57:00Z By Jeff Dale
A judge affirmed more than $487 million in penalties and damages against Precision Lens and its owner after a jury found they filed tens of thousands of false claims to Medicare and violated the Anti-Kickback Statute.
2023-05-12T18:48:00Z By Jeff Dale
Alaska-based telecommunications provider GCI Communications Corp. agreed to pay more than $40.2 million as part of a settlement agreement with the Department of Justice for alleged violations of the False Claims Act.
2024-10-22T21:18:00Z By Adrianne Appel
Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.
2024-10-22T16:08:00Z By Aaron Nicodemus
Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.
2024-10-18T18:10:00Z By Adrianne Appel
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control (OFAC) that its business with North Korea involved U.S. financial institutions.
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