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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Policemen and Firemen Retirement System of Detroit Shareholder Lawsuit

The Policemen and Firemen Retirement System of Detroit, a municipal pension fund, filed a lawsuit against Halliburton Company and its former subsidiary KBR alleging that poor oversight and lack of internal controls at the two companies enabled a pervasive environment of corruption that severely damaged investors’ holdings. (KBR was later dropped from the lawsuit.) In July 2012, a proposed settlement was reached in which Halliburton agreed to take certain remedial actions, such as recovering incentive compensation paid to any officer or director who was involved in or approved illegal activities and revising its code of business conduct.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Complaint
5/14/2009
Contractors Involved Penalty
Total
Halliburton $0
Further Information Released
Halliburton Form 8-K 7/21/2012
Settlement Agreement 7/21/2012
Complaint 6/4/2009
Law Firm Press Release 6/4/2009

Federal Contractor Misconduct Database