ETS Settles Government Overcharge Claims For $4.6M

Law360, New York (May 25, 2011, 8:42 PM EDT) -- Federal prosecutors said Wednesday that Educational Testing Service, the nonprofit behind many of the tests used in college admissions, paid $4.6 million to settle allegations that it improperly billed the U.S. Department of Education on government contracts.

ETS illegally invoiced the federal government to help cover its retirees' medical benefits even though it had stopped funding the program itself, U.S. Attorney for the District of New Jersey Paul J. Fishman said.

The announcement ends the threat of legal action over the improper billing, which ETS itself...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.