Menu

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
Contractors Involved Penalty
Total
AmerisourceBergen $26,900,000
Further Information Released
SEC Form 8-K (p. 2 of 3) 9/8/2007

Federal Contractor Misconduct Database