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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…
Feder v. Electronic Data Systems (Violations of the Securities Exchange Act)
The plaintiffs alleged that EDS violated the Securities Exchange Act by using improper accounting methods to hide financial problems and by making material misrepresentations in its financial statements and public announcements. The case settled in March 2006. A settlement fund in the amount of $137,500,000 in cash was established.
- Misconduct Type
- Securities
- Enforcement Agency
- State/Local
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Settlement
- 3/7/2006
