- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-11-07T22:00:00
GE Aerospace, an operating division of General Electric providing aircraft engines, systems, and avionics, agreed to pay more than $9.4 million as part of a settlement with the Department of Justice (DOJ) addressing allegations the company sold parts to the U.S. military without proper inspections or specifications.
GE Aerospace admitted one of its Massachusetts-based manufacturing plants occasionally “did not conduct required parts inspections and sold engines containing parts that did not meet certain required specifications to U.S. miliary customers,” the DOJ said in a press release Monday.
The activities by the plant, which occurred between July 2012 and December 2019, violated the False Claims Act, the agency stated.
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2024-01-18T18:41:00Z By Kyle Brasseur
An opinion in a long-running court case involving software company Gen Digital and alleged violations of the False Claims Act saw proposed costs in the matter jump from $1.3 million to approximately $53 million following successful arguments by the U.S. government.
2023-10-02T17:20:00Z By Jeff Dale
Multinational health insurance company Cigna agreed to pay more than $172 million as part of a settlement with the Department of Justice addressing allegations it submitted and failed to withdraw false claims to Medicare.
2023-09-29T14:41:00Z By Kyle Brasseur
Aerospace giant Boeing agreed to pay $8.1 million as part of a settlement with the Department of Justice addressing allegations it submitted false claims regarding military aircraft contracts it had with the Navy.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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