Sunday, November 25, 2007

News: Lockheed Martin Corporation Whistleblower Case

From Corporate Crime Reporter comes Feds Join False Claims Act Lawsuit Against Lockheed Martin.

"Federal officials have joined two whistleblowers in alleging that Lockheed Martin Corporation and a group of vendors overcharged the federal government."


The whistleblower complaint, which preceded Loftis' plea and which the Justice Department has now joined, alleged that Loftis through TMI, a company that sold perishable tools that Lockheed used in manufacturing, caused false claims to be submitted by Lockheed to the Department of Defense from January 1998 to February 2006.

Lockheed is also alleged to be independently liable for TMI's violation of the FCA due to its reckless oversight of TMI.

The lawsuit alleges that Loehr – the beneficial owner of TMI – recklessly failed to carry out her responsibilities as an officer and director of TMI.