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Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
In re Interpublic Securities Litigation
The plaintiff shareholders claimed damages as a result of IPB issuing false and misleading public statements regarding IPG’s financial condition between October 1997 and October 2002 in violation of the Securities and Exchange Act of 1934. The company settled the lawsuit for $115 million without any admission or concession of liability or wrongdoing.
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Settlement
- 6/11/2004
