“Federal contractors will be held accountable for their billing practices,” said Stuart F. Delery, Principal Deputy Assistant Attorney General for the Department of Justice’s Civil Division. The resolution was announced by Robert L. Capers, United States Attorney for the Eastern District of New York; Doug Shoemaker, Regional Special Agent-in-Charge, U.S. Department of Transportation, Office of Inspector General; Barry Kluger, Inspector General, Metropolitan Transportation Authority; Shantelle P. Kitchen, Special Agent-in-Charge, Internal Revenue Service-Criminal Investigation; and Cheryl Garcia, Special Agent-in-Charge, U.S. Department of Labor, Office of Inspector General, Office of Labor Racketeering and Fraud Investigations in New York. In light of a comprehensive internal investigation conducted by Granite, Granite’s complete acceptance of responsibility for GCN’s unlawful conduct, Granite’s cooperation with the government, the fact that the GCN employees most responsible for GCN’s unlawful conduct were separated from GCN and Granite years before the government’s investigation began, and Granite’s far-reaching remedial measures, including site visits by compliance program staff and mandatory training for appropriate Granite managers and employees, the government has agreed not to prosecute Granite or GCN for GCN’s criminal conduct provided that Granite complies for two years with all the terms of the agreement executed today.
(Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here.
Pursuant to that program, as the prime contractor, GCN was obligated to make good faith efforts to subcontract a specified percentage of work on the prime contract to certain disadvantaged business enterprises (DBE companies).
If you are a member of the class, you may, no later than October 15, 2019, request that the Court appoint you as lead plaintiff of the class. “GCN defrauded the MTA by falsely claiming that millions of dollars worth of construction work was performed by a DBE company. In this Wunderlich Act case, Granite Construction Company (Granite) appeals from the decision of the United States Claims Court, 22 Cl.Ct. Claim: Granite Construction Company is an Utah Corporation - Domestic - Profit filed on July 1, 1992. The fact that GCN has entered into an agreement with the government will further serve and protect the public’s best interest.”. As a diversified construction and construction materials company and a full-suite provider in the transportation, water infrastructure and mineral exploration markets, Granite delivers Infrastructure Solutions for public and private clients throughout the Americas. Today’s resolution marks a significant step in our continued effort to eliminate DBE fraud in New York’s construction industry and also recognizes Granite’s decision to timely accept full responsibility, provide complete cooperation, and take remedial measures to enforce best industry practices,” stated U.S. Attorney Capers. Granite shareholders may, no later than October 15, 2019, move the Court for appointment as a lead plaintiff of the Class.
de Los Seris #133 Parque Industrial Hermosillo, Sonora CP 83299, Mexico “This settlement is an example of the department’s commitment to ensuring that contractors deal squarely and honestly with the government at all times.”, “To prevent and detect potential violations of law, we encourage federal contractors to apply consistent oversight to their operations throughout all phases of contracting,” said DOT Office of Inspector General Special Agent in Charge Hank Smedley. On July 29, 2019, after the market closed, the Company disclosed that second quarter 2019 financial results were negatively impacted by non-cash charges related to four legacy, unconsolidated heavy civil joint venture projects. Under certain circumstances, one or more class members may together serve as "lead plaintiff." You may retain RM LAW, P.C.
or other counsel of your choice, to serve as your counsel in this action. Blvd. From 2004 through approximately 2008, GCN falsely represented in those reports that the front company had performed a “commercially useful function” in performing the specified work, when in fact, the specified work had actually been performed by the actual companies, and the front company had not performed any such commercially useful function. Granite Construction Company, a California-based construction company specializing in roads, tunnels, bridges, airports and other infrastructure-related projects, reached a settlement with the United States following an investigation of alleged false claims in connection with federal construction projects across the country, the Justice Department announced today. The government’s case is being prosecuted by the Office’s Public Integrity Section.
Giving Back to the Community through a variety of venues & initiatives. Secure .gov websites use HTTPS Granite Construction Company, a California-based construction company specializing in roads, tunnels, bridges, airports and other infrastructure-related projects, reached a settlement with the United States following an investigation of alleged false claims in connection with federal construction projects across the country, the Justice Department announced today. [1] In August 2013, one of the actual companies, A.J. An official website of the United States government. On this news, the Company's stock price fell $2.78 per share, or over 8%, to close at $31.22 per share on August 2, 2019, on unusually heavy trading volume. please visit our website by clicking here. Mr. Capers thanked the investigative agencies for their outstanding commitment and dedication over the course of this investigation. McNulty agreed to forfeit $850,000 to the federal government and pay $100,000 to the MTA-IG. “This settlement is an example of how we work with our law enforcement colleagues to protect taxpayer dollars.”. Official websites use .gov If you purchased shares of Granite and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here. http://www.prnewswire.com/news-releases/rm-law-announces-class-action-lawsuit-against-granite-construction-incorporated-300912002.html. Specifically, in certain instances, Granite sought price increases in the form of change orders and requests for equitable adjustment which were inflated because the general liability and workman’s compensation insurance rates used to support the adjustments included added amounts or “cushions” that were not actually incurred by the company and therefore should not have been charged to the federal government.
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Significantly, this agreement also secures civil forfeiture to the federal government of $7.25 million in connection with this fraud, as well as a payment of $1 million to the MTA-IG. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company had assumed certain risks in connection with its heavy civil joint venture projects bid between 2012 and 2014; (2) that there was an "untenable" imbalance of risk sharing between the Company and the joint venture project owners; (3) that, as a result, the Company was reasonably likely to incur additional project costs for its joint venture projects; (4) the Company was reasonably likely to incur additional costs in connection with certain project disputes; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects and prospects were materially misleading and/or lacked a reasonable basis. Granite disclosed the potential overcharges to the Justice Department.
“Today’s announcement clearly reflects the firm commitment by our Office and our investigative and prosecutorial partners to utilize all avenues to ensure compliance with DBE requirements and to create and maintain a level playing field on which all qualified DBEs have a fair and equal opportunity to bid for and participate in all MTA projects.
BERWYN, Pa., Sept. 4, 2019 /PRNewswire/ -- RM LAW, P.C. On this news, the Company's stock price fell $7.98 per share, or nearly 18%, to close at $36.49 per share on July 30, 2019, on unusually heavy trading volume.
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