United Technologies Hit With $473M False Claims Judgment

By Dietrich Knauth (June 17, 2013, 9:17 PM EDT) -- An Ohio federal judge on Monday hit United Technologies Corp. with a $473 million judgment after finding it to have misled the U.S. Air Force in a jet engine contract bidding war during the 1980s and 90s, concluding a 14-year-old False Claims Act suit.

The case had previously gone to the Sixth Circuit, which overturned the lower court's finding that there were no damages, despite UTC's violation of the False Claims Act. U.S. District Judge Thomas M. Rose calculated the damages after the case was remanded, finding that the contractor was liable for $364 million in False Claims Act penalties and $109...

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