Qui Tam action alleges military contractor inflated cost estimates – $18,161,393 Settlement 
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Published: June 18, 2012
Tags: Federal Courts, Million-Dollar Settlements, Qui Tam
Former Calnet CFO Kim Chao filed a qui tam action in federal court, alleging false claims on three different “cost plus” contracts with the United States Department of the Army. In a “cost plus” arrangement, a contractor is paid for the costs (i.e., the overhead) it incurs in association with the particular contract, plus a ...
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