EMC Shells Out $87.5M Over Kickback Scheme

Law360, New York (May 25, 2010, 1:05 PM EDT) -- EMC Corp. has forked over $87.5 million to the U.S. government to settle allegations that it misrepresented its commercial pricing practices and engaged in a kickback scheme designed to influence the government to purchase the information technology company's products.

The payout resolves a whistleblower lawsuit filed in the U.S. District Court for the Eastern District of Virginia accusing EMC of violating the False Claims Act and the federal Anti-Kickback Act, the U.S. Department of Justice said Tuesday.

Prosecutors alleged that the Hopkinton, Mass.-based company fraudulently induced...
To view the full article, register now.