March 30, 2012
Lockheed Martin Corp., the largest defense contractor in the U.S., settled a False Claims Act case in March 2012 for $15.85 million.
The lawsuit, filed in Dallas federal court, alleged that Lockheed and its subcontractor, Tools & Metals, Inc., engaged in a seven-year pricing fraud by mischarging the federal government for tools used on military aircraft. The subcontractor allegedly inflated the costs of certain perishable tools to Lockheed, and Lockheed passed the excessive costs on to the government
Previously, in 2005, the former president of Tools & Metals, Inc. pleaded guilty to fraud charges and was sentenced to seven years in prison for his role in the overcharging scheme. The two whistleblowers who initiated the suit shared $2 million of the government’s recovery.
Our Results
Historic settlement for over 1,300 survivors of clergy and adult abuse within the Roman Catholic Archdiocese of Los Angeles, marking a pivotal moment for justice.
A Philadelphia jury awarded a record verdict against ExxonMobil for failing to warn about cancer risks due to benzene in its petroleum products.
Confidential settlement for the wife of a Rhode Island man who died of mesothelioma cancer after exposure to window glazing compound contaminated with asbestos.
That’s the first question everyone asks. The truth is it’s impossible to know. But we can tell you this. Waters Kraus Paul & Siegel has what it takes to fight against big corporate interests and win. That’s why we’ve recovered more than $1.3 billion for clients like you.
