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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…

Accounting Irregularities (Securities Litigation)

A consolidated securities class action lawsuit claimed Dell violated the Securities Exchange Act of 1934 by engaging in accounting fraud and making false and misleading disclosures to inflate its revenues by approximately $463 million from fiscal years 2003 to 2007. In October 2008, the court dismissed the lawsuit. During the appeal, both sides negotiated a settlement under which Dell agreed to pay $40 million.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement
11/20/2009
Contractors Involved Penalty
Total
Dell, Inc. $40,000,000
Further Information Released
Complaint 1/29/2010
Dell 10-Q (excerpt) 1/29/2010

Federal Contractor Misconduct Database