Tech Giants Settle for $4.3 Million After Allegations of Overcharging U.S. Army and Rigging Bids
WASHINGTON — The Department of Justice recently disclosed settlements with two technology companies accused of fraudulent practices in their dealings with the U.S. Army. Iron Bow Technologies and Dell Technologies have both agreed to multi-million-dollar settlements totaling more than $4 million combined, aiming to resolve allegations of inflating prices on computer hardware sold to the military. According to the Department of Justice, the lawsuit hinged on the competitive process for government contracts which was reportedly manipulated by both companies between 2020 and 2024. Iron Bow, a reseller of technology products, and Dell were competing to … Read more