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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…

Banc of America Breach of Contract

Banc of America Securities LLC sued Evergreen International Aviation for breach of contract and quantum meruit (restitution based on unjust enrichment) arising out of agreements in which Banc of America agreed to act as Evergreen’s financial agent in exchange for the payment of certain fees. In March 2006, the parties agreed to a settlement under which Evergreen agreed to pay $1.1 million.

Misconduct Type
Poor Contract Performance
Enforcement Agency
Non-Governmental
Contracting Party
Non-Governmental
Court Type
Civil
Disposition
Settlement
Date of Settlement
3/31/2006
Contractors Involved Penalty
Total
Evergreen International Airlines $1,100,000
Further Information Released
2006 10-K (pp. 28-29 of 152) 3/3/2009

Federal Contractor Misconduct Database