Big Four firms Ernst & Young and KPMG, along with consulting concerns BearingPoint and Booz Allen Hamilton, agreed to pay $25.6 million to settle claims that they had overcharged the government for travel expenses.
According to published reports, BearingPoint, the former KPMG Consulting, agreed to pay $15 million, Ernst & Young $4.47 million, Booz Allen $3.37 million and KPMG $2.77 million.
In 2001, the government charged the quartet with failing to disclose the rebates they had received for travel expenses that had been billed to the government.
The suit was similar to one settled by Big Four firm PricewaterhouseCoopers last year for roughly $42 million.
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