- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-04-25T19:10:00
A Utah-based military equipment manufacturer agreed to pay $21.8 million to settle false claim charges levied by the Department of Justice (DOJ) regarding double-billing the Department of Defense (DOD) for certain parts.
L3 Technologies knowingly billed the DOD twice for nuts, bolts, and other common parts in dozens of contracts between 2008 and 2011, the DOJ said in a settlement agreement, filed Monday in U.S. District Court for the District of Utah.
In conjunction, the DOJ agreed to pay nearly $8 million to settle a lawsuit filed by L3 against the agency over breach of contract. The lawsuit alleged that in “an effort to prevent L3 from continuing to double-charge for common-stock items, the [DOD] improperly prohibited L3 from charging certain other costs,” the DOJ said.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2023-06-02T19:18:00Z By Adrianne Appel
Tenet Healthcare, Vanguard Health Systems, and the Detroit Medical Center agreed to pay $29.7 million as part of a settlement with the Department of Justice addressing allegations they provided kickbacks to doctors who made referrals to their health organizations.
2023-05-18T18:57:00Z By Jeff Dale
A judge affirmed more than $487 million in penalties and damages against Precision Lens and its owner after a jury found they filed tens of thousands of false claims to Medicare and violated the Anti-Kickback Statute.
2023-05-12T18:48:00Z By Jeff Dale
Alaska-based telecommunications provider GCI Communications Corp. agreed to pay more than $40.2 million as part of a settlement agreement with the Department of Justice for alleged violations of the False Claims Act.
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
2025-04-11T08:00:00Z By Adrianne Appel
Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report suspicious activity. The move marks the latest in a string of recent state and federal enforcement actions against the company.
Site powered by Webvision Cloud