SAIC Will Pay $500M To End CityTime Kickbacks Case

Law360, New York (March 14, 2012, 11:57 AM EDT) -- Science Applications International Corp. will shell out $500 million — the most a state or city contractor has ever paid in a fraud case — to end federal prosecution over alleged kickbacks that inflated the cost of New York City's CityTime project, prosecutors said Wednesday.

SAIC, an scientific and engineering company that is a major federal and state contractor, entered into a three-year deferred prosecution agreement with the U.S. Attorney's office in Manhattan, prosecutors said at a court hearing.

The company, lead contractor on the CityTime...
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