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$4.4 Million Settlement over a False Claims Act Allegations Against Lockheed Martin Corporation Announced by Whistleblower Institute

Via: ReleaseWire

Updated 10:00 AM CDT, Wed, May 23,2018

Settlement over a False Claims Act Allegations against Lockheed Martin Corporation announced.

San Diego, CA -- (SBWIRE) -- 05/23/2018 -- The Whistleblower Institute announces that Lockheed Martin Corporation reached a $4.4 million settlement in a whistleblower lawsuit filed by a former employee over providing faulty equipment to the Coast Guard.

Those who have a similar case or experienced a similar situation or any other wrongdoing within a corporation have certain options and should contact the Whistleblower Institute at mail@whistleblowerinstitute.com or call: 619-452–1218. There are no costs or obligations to you.

A settlement has been reached to resolve False Claims Act allegations against Lockheed Martin Corporation.

The allegations arose from a lawsuit that claimed Lockheed Martin Corporation violated the civil False Claims Act by providing defective communications systems for the United States Coast Guard's National Security Cutters.

According to the government, Lockheed allegedly supplied a radio frequency distribution system for the cutters that did not meet the requirement of transmitting and receiving several different radio signals at the same time without undue interference. The Coast Guard has taken delivery of the first six Cutters and three additional Cutters are under construction.

Reportedly, Lockheed has agreed to pay $2.2 million, and to provide the Coast Guard with repairs to the Radio Frequency Distribution System on the nine Cutters at no charge. The repairs are valued at $2.2 million.

"This office remains committed to fighting fraud and false claims against the federal government," said Acting U.S. Attorney Tse. "It is essential that the communications systems on the Coast Guard's National Security Cutters work properly. I am pleased that Lockheed has agreed to repair the systems so that they fully function to support the Coast Guard's important mission."

A whistleblower, a former member of Lockheed's engineering staff working on the Coast Guard's National Security Cutters, will receive $990,000 out of the $4.4 million settlement.

Based in Bethesda, Maryland, Lockheed Martin Corporation a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide.

The Whistleblower Institute is an information portal for current or former employees and other people having insight information about wrongdoing and other illegal activities by individuals either individually or within corporations, through company culture and or within international affairs. Whistleblowers should keep in mind that under the Dodd-Frank Act any person who provides the Securities and Exchange Commission ("SEC") with original information that leads to a successful enforcement action with over $1 million recovered must be awarded between 10%-30% of the total amount recovered. In order to determine the total amount of the reward there are numerous factors that need to be considered. Whistleblower actions are complex and our goal is to guide any whistleblower every step of the way. The Whistleblower Institute is dedicated to partnering with any individual who have information about fraud and we work with many of the best law firms worldwide.

Those who have a similar case or experienced a similar situation or any other wrongdoing within a corporation have certain options and should contact the Whistleblower Institute.

Contact:
Whistleblower Institute
2534 State Street - Suite 406
San Diego, CA 92101, USA
Phone: +1 (619) 452–1218
Facsimile: +1 (619) 785 – 3185
Email: mail@whistleblowerinstitute.com

The material was prepared by the Whistleblower Institute for informational purposes only and is not legal or financial advice. The information is provided only as general information which may or may not reflect the most currently available public information, is not provided as a basis for any established or existing relationship, and is not intended to constitute legal or financial advice, or to substitute for obtaining such advice from an attorney or other advisor licensed in your state.

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http://www.sbwire.com/press-releases/44-million-settlement-over-a-false-claims-act-allegations-against-lockheed-martin-corporation-announced-by-whistleblower-institute-982424.htm

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