Construction Cos. Ink $47M Deal To End USAID Fraud Suit

Law360, Chicago (March 20, 2012, 3:55 PM EDT) -- A group of contractors have agreed to pay $47 million to settle the government's False Claims Act suit in Washington alleging they concocted a bid-rigging and fraud scheme tied to U.S. Agency for International Development projects in Egypt, the U.S. Department of Justice said Tuesday.

The settlement wraps up the long-running suit that initially landed Harbert Corp. and related companies a $90 million judgment in 2007 that a federal appeals court went on to vacate in 2010, ordering a retrial. The U.S. Supreme Court declined to...
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.