Software Co. To Pay $22M To Settle FCA Misinformation Case
Law360 (May 14, 2019, 8:24 PM EDT) -- Cloud and data services company Informatica LLC will pay just under $21.6 million to settle a whistleblower's False Claims Act case alleging it provided misleading information about its commercial sales practices, resulting in the government overpaying for its software products, the U.S. Department of Justice announced Monday.
According to the DOJ, Informatica — which did not admit liability — knowingly gave false information to resellers regarding its commercial discounting practices. The false information was then used by resellers in negotiations with the U.S. General Services Administration related to the GSA's Multiple Award Schedule contracts, ultimately resulting in federal agencies paying more...
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