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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…

Feder v. Electronic Data Systems (Violations of the Securities Exchange Act)

The plaintiffs alleged that EDS violated the Securities Exchange Act by using improper accounting methods to hide financial problems and by making material misrepresentations in its financial statements and public announcements. The case settled in March 2006. A settlement fund in the amount of $137,500,000 in cash was established.

Misconduct Type
Securities
Enforcement Agency
State/Local
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement
3/7/2006
Contractors Involved Penalty
Total
Electronic Data Systems $137,500,000
Further Information Released
Settlement Notice 3/23/2007
5th Circuit Court of Appeals Opinion 6/19/2006

Federal Contractor Misconduct Database