A landlord claims in a lawsuit that the United States owes more than $831,000 because the General Services Administration improperly deducted the money from rent payments to recoup an overpayment of real estate taxes.
13 May 2013Catherine Tomasko
Palafox Street Associates says its lease for a Pensacola, Fla.,-based federal courthouse does not allow the government to make offsets from rent payments.
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New Century Bank lost more than $33 million because officers and directors disregarded the bank’s lending policies and failed to adhere to regulatory warnings about several commercial real estate loans, according to the Federal Deposit Insurance Corp.
07 May 2013Catherine Tomasko
The FDIC is suing the now-former executives in the U.S. District Court for the Northern District of Illinois. The complaint alleges they made numerous loans that violated the bank’s policies from April 2005 to July 2008, breaching their fiduciary duty and committing negligence along the way.
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The Air Force is restricting a software supply contract to a specific product brand and improperly limiting competition as a result, computer security developer McAfee Inc. has alleged in a federal court lawsuit.
30 Apr 2013Catherine Tomasko
The California-based company says the government has structured the procurement in a way that prevents it from offering its firewall product for the job.
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A former Fannie Mae employee has been charged with wire fraud for allegedly soliciting bribes from a real estate broker in exchange for increasing the number of government-owned foreclosed properties that could be sold.
22 Apr 2013Catherine Tomasko
According to a grand jury indictment filed in the U.S. District Court for the Central District of California, Armando Granillo, a former Fannie Mae foreclosure specialist and sales associate, had demanded 20 percent of the broker’s 2.5 percent commission on each foreclosed property that was sold.
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An electrical contractor defrauded the Department of Defense by supplying more than $428,000 worth of unapproved parts, many of which were defective, the U.S. government has alleged in a New York federal court complaint.
16 Apr 2013Catherine Tomasko
The United States claims that Electrical & Electronic Controls Inc. of Brewster, N.Y., violated the False Claims Act, 31 U.S.C. § 3729, by substituting cheaper parts instead of those specified in its contract.
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A California federal judge has sentenced the husband-and-wife owners of a home decor business to prison for defrauding eight banks out of a total of $4.7 million.
09 Apr 2013Catherine Tomasko
U.S. District Judge Cormac J. Carney of the Central District of California ordered Thomas Chia Fu, 64, to serve 21 months in federal prison, according to a statement by the U.S. attorney’s office for the Central District of California.
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Three companies will pay a combined $3 million to the United States to settle a lawsuit claiming they gave federal employees illegal gratuities in order to win a CIA contract for cable and wiring installation work.
01 Apr 2013Catherine Tomasko
The Justice Department said in a March 7 statement that the payment by American Systems Corp., Anixter International Inc. and Corning Cable Systems LLC resolves allegations that the companies violated the False Claims Act, 31 U.S.C. § 3729.
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A Pennsylvania woman has alleged in a proposed class-action lawsuit that her car loan creditors have added unauthorized fees to installment payments she made over the phone.
27 Mar 2013Catherine Tomasko
Leyna Novak says state law does not permit CitiFinancial Auto Corp. and its successor, Santander Consumer USA Inc., to assess fees that are not listed in her car sale contract.
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The U.S. Court of Federal Claims has ruled that a subcontractor on a federal construction job cannot proceed with claims that the government owes it $280,000 because the Army Corps of Engineers did not follow an agreed-upon arrangement and instead paid the wrong company.
18 Mar 2013Catherine Tomasko
Judge Emily C. Hewitt said the court did not have the power to hear Red Hawk Construction Inc.’s suit because the company was not in privity of contract with the government.
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Financial giant JPMorgan Chase Bank is facing a $25 million class-action lawsuit alleging it failed to honor a “same-day guarantee” for posting payments made by customers online from a Chase deposit account to a Chase credit card account.
11 Mar 2013Catherine Tomasko
In the complaint, filed in the U.S. District Court for the Southern District of New York, plaintiffs Laura Bieghler and Maria Jimenez claim Chase told customers that fund transfers entered into the bank’s computer system before 8 p.m. EST on business days would post on Chase-issued Visa credit card accounts the same day.
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