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Accenture To Pay $63.7 Million Over Charges Of Kickbacks, False Claims

By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Accenture PLC (ACN) has agreed to pay $63.7 million to settle allegations that it received kickbacks in exchange for recommending that federal government agencies purchase certain technology products, the Justice Department announced Monday. The department said Accenture, a computer outsourcing and consulting firm, caused false claims to be submitted under "numerous" information-technology contracts with U.S. government agencies. The agreement is the latest in a series of settlements involving false claims under government technology contracts. Hewlett-Packard Co. (HPQ) and data storage equipment maker EMC Corp. (EMC) are among those who have settled allegations that they paid kickbacks to consulting companies in return for recommendations that federal government agencies purchase their products. -By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@dowjones.com

Stock News for Accenture (ACN)
DateTimeHeadline
05/17/201317:28:14Accenture to Buy Acquity for $316 Million
04/23/201321:10:06New U.S. Bill Targets Indian IT Firms
03/28/201311:28:09Correction to Accenture Earning Story
03/28/201308:36:47Accenture 2nd-Quarter Net up 71% on Higher Revenue, Gains
12/19/201217:30:12Accenture 1st-Quarter Profit Rises 8.8%
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12/16/201206:21:07MARKET SNAPSHOT: Fiscal-cliff Effect On Data Focus Of Coming...
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10/02/201203:03:32Nokia Siemens Closes Sale Of IPTV Assets To Accenture
09/27/201217:10:36Accenture Posts Lower Profit; Raises Dividend
09/27/201217:01:15Accenture 4th-Quarter Profit Down 5.5% Amid Higher Taxes; Dividend...
08/20/201210:29:19Applications Given Early Antitrust Clearance
07/25/201210:03:09Accenture: Retirement Worries Highlight Opportunities for Financial...
06/28/201217:10:18Accenture Profit Rises 9.8% amid Broad Revenue Growth
06/28/201216:56:14Accenture Third-Quarter Profit Rose 9.8% Amid Broad Revenue Growth
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03/22/201217:04:11Accenture 2Q Net Up 28% On Revenue Beat; Year Outlook Raised

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