Accession Number:

ADA297074

Title:

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

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL A FFAIRS DIV

Personal Author(s):

Report Date:

1995-07-01

Pagination or Media Count:

16.0

Abstract:

This report responds to A Congressmans 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 us1 2 Defense Contract Audit Agencys 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

Subject Categories:

  • Administration and Management
  • Sociology and Law

Distribution Statement:

APPROVED FOR PUBLIC RELEASE