Booz Allen Hamilton Inc. (NYSE: BAH) will pay the U.S. government $377.5 million to settle allegations that the company improperly billed commercial and international costs to its government contracts over roughly a decade-long period, the McLean consulting giant and the Justice Department announced Friday.
The settlement contains no admission of liability by Booz Allen, the company said in a filing with the Securities and Exchange Commission. It entered the agreement “to avoid the delay, uncertainty and expense of protracted litigation,” per the SEC filing.
The settlement resolved a lawsuit filed under the whistleblower provision of the False Claims Act by former Booz Allen employee Sarah Feinberg. Feinberg will receive $69.8 million in connection with the settlement, the Justice Department said.
The Justice Department said the agreement resolves allegations that “from approximately 2011 to 2021, Booz Allen improperly charged costs to its government contracts and subcontracts that instead should have been billed to its commercial and international contracts.”
“In particular, the government alleged that Booz Allen improperly allocated indirect costs associated with its commercial and international business to its government contracts and subcontracts that either had no relationship to those contracts and subcontracts or were allocated to those contracts and subcontracts in disproportionate amounts,” the Justice Department said in a release. “The government further alleged...
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