Accession Number : ADA297074

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

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

PDF Url : ADA297074

Report Date : JUL 1995

Pagination or Media Count : 16

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

Descriptors :   *CONTRACT ADMINISTRATION, *LITIGATION, DEPARTMENT OF DEFENSE, DEFENSE SYSTEMS, CONTRACTORS, COSTS, AUDITING.

Subject Categories : Administration and Management
      Sociology and Law

Distribution Statement : APPROVED FOR PUBLIC RELEASE