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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…
Stockholder Derivative Lawsuits Settlement
A stockholder derivative lawsuit filed in Texas federal court claimed that, from 2000 to 2002, various officers and directors of Electronic Data Systems Corp. improperly inflated the company’s revenues by more than $300 million through a contract with the U.S. Navy. In October 2007, EDS settled this and other pending shareholder lawsuits by authorizing its insurers to deposit $6 million in an escrow account and agreeing to implement various corporate governance changes.
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- Defense - Navy
- Court Type
- Civil
- Disposition
- Settlement
- Date of Settlement
- 10/8/2007
