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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…

Retirement Plan Breach of Fiduciary Duty

Class action lawsuits were filed against several major U.S. universities, including Johns Hopkins, on behalf of retirement plan participants. The lawsuits allege breaches of fiduciary duties—under the Employee Retirement Income Security Act (ERISA)—causing investors to pay millions of dollars in excessive fees. The suits also allege the universities improperly included high-cost investment options in their plans. The lawsuit against Johns Hopkins was filed on behalf of 24,000 faculty and staff. In August 2019, Johns Hopkins agreed to settle the lawsuit for $14 million and other non-monetary terms.

Misconduct Type
Labor
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Complaint
8/11/2016
Contractors Involved Penalty
Total
Johns Hopkins University $14,000,000
Further Information Released
Preliminary Settlement Motion 8/6/2019
Law Firm Press Release 8/12/2016
Complaint 8/11/2016

Federal Contractor Misconduct Database