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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
Bechtel Corporation
Kanawi v. Bechtel (ERISA Class Action)
Date: 10/06/2010 (Date of Settlement)
Misconduct Type: Labor
Enforcement Agency: Non-Governmental
Contracting Party: None
Court Type: Civil
Amount: $18,500,000
Disposition: Settlement
Synopsis: Bechtel Corp. agreed to pay $18.5 million to settle a class-action lawsuit alleging that the fees charged to employees in its 401(k) retirement plan were too high. The plaintiffs, Bechtel employees in California, alleged the company should have negotiated lower expenses for the more than 17,000 people in its 401(k) plan.
Document(s):
- 1. Settlement
