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About POGO's Federal Contractor Misconduct Database (FCMD)
The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
Ranking: 61
MacAndrews AMG Holdings
MacAndrews & Forbes is a holding company with interests in a diversified portfolio of public and private companies. Wholly owned by Chairman and Chief Executive Officer Ronald O. Perelman, MacAndrews & Forbes Holdings Inc. invests in companies with strong market positions, recognized brands and growth potential. Current holdings include leading participants across a wide range of industries, from cosmetics and entertainment to biotechnology and security. Its subsidiary MacAndrews AMG Holdings owns a stake in AM General, a world-leader in the production of military and special purpose vehicles, including the Hummer. Corporate offices are located in South Bend, Indiana, and production facilities are located eight miles away in Mishawaka.
Federal Contract $: $1172.1m
Total Number of Instances: 1
Total Misconduct dollar amount: $ 16.0m
Instances of Misconduct
1. Drapkin v. Mafco Consolidated Group (Breach of Contract)
Donald Drapkin, an executive at MacAndrews & Forbes who left the company in 2007, sued the company claiming they violated a separation agreement and owed him millions of dollars in stock sale proceeds. In January 2012, a federal jury found in Drapkin’s favor and awarded him $16 million.... more»
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