Oracle may be compensation for the U.S. government one billion U.S. dollars

August 6, according to foreign media reports, legal experts pointed out that Oracle in expensive U.S. Department of Justice to prosecute the action to the Government to sell the product in the amount of compensation may be as high as 10 billion dollars.

Ministry of Justice in the July 29 submission to the Federal Court said, through commitment to provide business customers the same discounts, Oracle from 1998 to 2006, the U.S. General Services Administration (hereinafter referred to as "GSA") sold 1.08 billion U.S. dollars software. But the reality is that Oracle discounts to business customers up to 92% discount for governmental agencies are usually 25% to 40%.

Law firm Morgan Verkamp LLC Frederick Morgan (Frederick M. Morgan), said in an interview, "I think Oracle need to compensate the Government one billion U.S. dollars."

Oracle former employees involved in the Ministry of Justice Paul Paul Frascella under the "false statement law" lawsuit filed. "False statement law," allows citizens to sue on behalf of the Government, and obtain compensation for the defendant. After the win, the U.S. government can get the equivalent of three times the amount of damages.

Taxpayers against fraud (Taxpayers Against Fraud) Organization spokesman Patrick Burns (Patrick Burns), said compensation case will easily more than one billion U.S. dollars, "Oracle overcharged the government 35% or more of the money" .

Oracle's net profit last fiscal year was 61.4 million, revenue of 26.8 billion U.S. dollars.

Morgan said that under the contract amount, and the Justice Department claimed that Oracle received a 50% to more than 60% of the money, the government 3 times economic loss will reach 1 billion U.S. dollars.

Law firm Fried, Frank, Harris, Shriver & Jacobson LLP attorney John T. Boese that the plaintiff and defendant parties may shake hands, because there is government involvement, according to "false statement law" brought 98% of the proceedings, the plaintiff and defendant both sides reached a settlement.

Under the contract, Oracle promised to provide reservation to the government discount, exchange, Oracle need not participate in government procurement for each bid. Ministry of Justice claims that before signing the contract, Oracle did not accurately disclose to the GSA discount information, not disclosed to commercial customers discounts for complete information.

Last year, the data storage equipment maker NetApp to 128 million U.S. dollars of reconciliation together with the GSA contract-related litigation, informers Igor Kapuscinski received 19.2 million U.S. dollars. Oracle in 2006 to 98.5 million U.S. dollars, together with the reconciliation of the PeopleSoft GSA contract-related litigation.All right reserved!

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