Defense Contracting: Contractor Claims for Legal Costs Associated With Stockholder Lawsuits.

Abstract

This report responds to A Congressman's inquIry concerning the allowability of legal costs resulting from stockholder derivative lawsuits associated with defense contractor wrongdoing. As his letter indicates, the wrongdoing involves fraudulent activities engaged in by the defense contractor named in the stockholder lawsuit. Specifically, the Congressman requested current information on the (1) defense procurement fraud cases, as previously reported on by us;1 (2) Defense Contract Audit Agency's (DcAA) policy on the allowability of legal fees associated with stockholder derivative lawsuits; and (3) number of stockholder lawsuits associated with defense contractor wrongdoing. He also asked whether reimbursement for these costs has been a common practice. (KAR) P. 2

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1995
Accession Number
ADA297074

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Air Platforms
  • Space

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Commerce
  • Contract Administration
  • Contractors
  • Contracts
  • Corporations
  • Criminals
  • Department Of Defense
  • Government (Foreign)
  • Governments
  • Law
  • National Security
  • Procurement
  • Security
  • State Law
  • United States

Readers

  • Defense Financial Management and Audit.
  • Government and Public Administration Law.