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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…
Bridge Medical Stockholder Lawsuit
The Delaware Court of Chancery ruled that AmerisourceBergen must pay $21 million, plus prejudgment interest of $5.9 million, to the former stockholders of Bridge Medical Inc., a former subsidiary AmerisourceBergen acquired in 2003 and sold in 2005. The stockholders alleged they were entitled to payments that were conditioned upon Bridge achieving certain earnings levels in 2003 and 2004, and that AmerisourceBergen breached its obligations to assist the Bridge sales force and promote its bedside point-of-care patient safety product.
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Judgment Against Defendant
- Date of Ruling
- 9/4/2007
