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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…
Abbott, et al. v. Lockheed Martin (Mismanagement of Retirement Plans)
Current and former employees of Lockheed Martin filed a class action lawsuit alleging the company mismanaged their 401(k) plans and charged excessive fees. The lawsuit alleged breach of fiduciary duty under the Employee Retirement Income Security Act of 1974 (ERISA) and claimed $1.3 billion in damages. In December 2014, the lawsuit settled for $62 million.
- Misconduct Type
- Labor
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Original Complaint
- 9/11/2006
