Today's Hard|Forum Post
Today's Hard|Forum Post

Friday October 07, 2011

Oracle To Pay Almost $200M to Resolve False Claims Lawsuit

Oracle has been ordered to pay the US General Services Administration almost $200 million as part of the largest False Claims Act settlement it has ever collected. Get this, the Oracle employee that blew the whistle on the company will get $40 million of that. eek!

According to the US Department of Justice, "the settlement resolves allegations that, in contract negotiations and over the course of the contract's administration, Oracle knowingly failed to meet its contractual obligations to provide GSA with current, accurate and complete information about its commercial sales practices, including discounts offered to other customers, and that Oracle knowingly made false statements to GSA about its sales practices and discounts."