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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…
General Motors Securities Litigation
A securities class-action lawsuit alleged that General Motors, aided by its outside auditor, Deloitte, filed misleading financial statements between 2002 and 2006 that covered up earnings shortfalls through accounting manipulations. Under the terms of a settlement, Deloitte agreed to pay $26 million, while GM agreed to pay $277 million.
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Settlement
- 7/21/2008
