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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…
Delphi Corporation Securities Litigation
Investors in auto parts manufacturer Delphi Corporation filed a class-action securities fraud lawsuit against Deloitte & Touche for its role as outside auditor of Delphi, which in 2005 had to restate of all of its financial statements for the previous five years. In December 2007, Deloitte agreed to pay $38.25 million to settle the lawsuit. See related Deloitte LLP instance, “Improper Professional Conduct (Delphi)”.
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Settlement
- 12/27/2007
