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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…
Banks v. General Atomics (Breach of Contract)
Former General Atomics employee Paul Banks alleged that General Atomics failed to honor a promise of partial ownership in a new “Photonics” unit the company formed in 2000. In November 2011, a California state court jury found in Banks’ favor on his breach of contract and false promise claims and awarded him $8.9 million in compensatory and $5.8 million in punitive damages. In July 2012, the court entered a final judgment reducing the compensatory damage award to $2.9 million.
- Misconduct Type
- Non-governmental Contract Fraud
- Enforcement Agency
- Non-Governmental
- Contracting Party
- Non-Governmental
- Court Type
- Civil
- Disposition
- Judgment Against Defendant
- Date of Verdict
- 11/22/2011
