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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…
Policemen and Firemen Retirement System of Detroit Shareholder Lawsuit
The Policemen and Firemen Retirement System of Detroit, a municipal pension fund, filed a lawsuit against Halliburton Company and its former subsidiary KBR alleging that poor oversight and lack of internal controls at the two companies enabled a pervasive environment of corruption that severely damaged investors’ holdings. (KBR was later dropped from the lawsuit.) In July 2012, a proposed settlement was reached in which Halliburton agreed to take certain remedial actions, such as recovering incentive compensation paid to any officer or director who was involved in or approved illegal activities and revising its code of business conduct.
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Complaint
- 5/14/2009