dcsimg

Oracle Settles U.S. Agency Overbilling Case for $199.5 Million

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Google+
Share it on Linked in  
Email  

Bloomberg: Oracle has settled a lawsuit brought by the U.S. General Services Administration (GSA), which alleged that the company had overbilled federal agencies for nine years. Oracle had promised to give the GSA the same pricing it gave to its most favored commercial customers, but it did not do so.

The lawsuit was originally begun by former Oracle employee Paul Frascella. Under the terms of the False Claims Act, Frascella will receive $40 million for blowing the whistle on the fraud.

In 2006, Oracle settled a similar case with the GSA for $98.5 million.

Submit a Comment

Loading Comments...

NewsletterDATAMATION DAILY NEWSLETTER

SUBSCRIBE TO OUR IT MANAGEMENT NEWSLETTER