Oracle Must Pay Nearly $200 Million In Largest False Claims Act Settlement

Oracle Must Pay Nearly $200 Million In Largest False Claims Act Settlement

The U.S. General Services Administration has nailed tech company Oracle Corporation for allegedly violating the False Claims Act. The company will have to pay $199.5 million for failing to meet contractual obligations, apparently because it didn’t provide correct information about sales practices and discounts offered to customers. The figure is believed to be the largest settlement collected under the act. [More]