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About POGO's Federal Contractor Misconduct Database (FCMD)
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 »
Deloitte LLP
Micrel v. Deloitte & Touche (Malpractice)
Date: 04/21/2003 (Date of Complaint)
Misconduct Type: Securities
Enforcement Agency: Non-Governmental
Contracting Party: None
Court Type: Civil
Amount: $15,500,000
Disposition: Settlement
Synopsis: Semiconductor manufacturer Micrel Inc. filed a malpractice lawsuit against its former accountant, Deloitte & Touche, alleging it approved a stock option pricing program that amounted to backdating. The lawsuit settled in 2007 with Deloitte agreeing to pay Micrel $15.5 million.
