NetApp to pay feds $128 million to settle False Claims Act investigation(0)
Network storage equipment maker NetApp will pay the U.S. government $128 million in a settlement reached through the Department of Justice, according to a regulatory filing. The settlement was reached on behalf of the General Services Administrations and related to an investigation into NetApp’s compliance with price reduction clauses in some of its contracts with the GSA between August 1997 and February 2005. NetApp previously recorded the charge during its fiscal 2009 third quarter in anticipation of the settlement.
Last year the company received a subpoena from Read the rest of this entry »
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