PricewaterhouseCoopers and IBM agreed to pay about $5.3 million to settle a lawsuit brought by the Justice Department over accusations that they paid and solicited kickbacks for technology contracts with government agencies.
Under the settlement, PwC will pay $2,316,662, while Big Blue will contribute $2,972,038.50. PwC and IBM are alleged to have paid money and given other benefits to other companies and consultants with whom they had alliance relationships to get business on government contracts. The undisclosed conflicts of interest violated contractual provisions and federal acquisition regulations.
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