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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…

Banc of America Securities LLC v. Evergreen International Aviation (Breach of Contract)

On May 22, 2003 Banc of America Securities LLC filed a lawsuit alleging “claims for breach of contract and quantum meruit, arising out of agreements in which Banc of America agreed to act as [Evergreen International Aviation’s] financial agent in exchange for the payment of certain fees.” A settlement was reached on March 31, 2006, under which Evergreen International Aviation will pay Banc of America Securities $1.1 million.

Misconduct Type
Non-governmental Contract Fraud
Enforcement Agency
Non-Governmental
Contracting Party
Non-Governmental
Court Type
Civil
Disposition
Settlement
Date of Settlement Agreement
3/31/2006
Contractors Involved Penalty
Total
Alliance Contractor Team $1,100,000
Further Information Released
SEC 10-K (pp. 34-35 of 167) 4/3/2007

Federal Contractor Misconduct Database