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SOFTWARE INDUSTRY NEWS |
HP settles US Department of Justice probe |
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HP has said that it has reached a settlement agreement in principle with the US Department of Justice to resolve an investigation into HP’s GSA Multiple Award Schedule contract as well as separate allegations associated with the Rille complaint filed in the US District Court in the Eastern District of Arkansas in 2007.  The settlement is subject to the approval of the Department of Justice, appropriate agencies and the Court, HP said in a statement, while denying engaging in illegal conduct in connection with these matters. The company clarified that it has agreed to a settlement with the Department of Justice, without any admission of wrongdoing, in order to resolve the allegations in full. The matter stemmed from a series of whistle-blower lawsuits by a former Accenture employee, which said most computer-industry players violated the 1986 Anti-Kickback Act by forging marketing partnerships that paid out "influencer" or "referral fee" between companies doing business together on federal contracts, but were concealed from the government. The computer companies, in turn, termed these as rebate and discount programs that were commonplace in the computer and other industries. HP said it expects a negative impact of approximately 2 cents on third quarter fiscal year 2010 earnings per share on account of the settlement. |
LISTS AND RESEARCH
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Global Software Top 100 - Edition 2011
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CRM companies: a short list
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