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Related: About this forumInformatica Agrees to Pay $21.57M for Alleged False Claims Caused by Its Commercial Pricing
Informatica Agrees to Pay $21.57 Million for Alleged False Claims Caused by Its Commercial Pricing DisclosuresInformatica LLC f/k/a Informatica Corporation has agreed to pay $21.57 million to resolve allegations that it caused the government to be overcharged by providing misleading information about its commercial sales practices that was used in General Services Administration (GSA) contract negotiations, the Justice Department announced today. Informatica is a software development company, headquartered in Redwood City, California that sells tools for establishing and maintaining data warehouses.
Companies that negotiate contracts with the government must make complete and accurate disclosures, said Assistant Attorney General Jody Hunt of the Department of Justices Civil Division. We will continue to hold accountable those who harm taxpayers by withholding critical information from contracting agencies.
Informatica allegedly knowingly provided false information concerning its commercial discounting practices for its products and services to resellers, who then used that false information in negotiations with GSA for government-wide contracts called Multiple Award Schedule contracts. Under these contracts, GSA uses commercial pricing disclosures to negotiate the maximum prices that a vendor can charge government agencies. Here, Informaticas allegedly false disclosures caused GSA to agree to less favorable pricing, and, ultimately, government purchasers to be overcharged. The settlement also resolves allegations that Informatica caused sales to the United States in violation of the Trade Agreements Act, which restricts the country of origin for goods purchased by the government.
Companies seeking to participate directly or indirectly in government contracts must adhere to applicable rules designed to promote the United States objective of prudently expending taxpayer funds by negotiating fair and reasonable pricing for the goods and services it purchases, said U.S. Attorney for the District of Columbia Jessie K. Liu. We will pursue recoveries from those that fail to live up to these obligations.
Read more: https://www.justice.gov/opa/pr/informatica-agrees-pay-2157-million-alleged-false-claims-caused-its-commercial-pricing
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Informatica Agrees to Pay $21.57M for Alleged False Claims Caused by Its Commercial Pricing (Original Post)
TexasTowelie
May 2019
OP
htuttle
(23,738 posts)1. Interesting
We do a lot of work using Informatica's ETL type products at the University I work at. I wonder if this will have any bearing on how we use it (or pay for it) in the future.