Oracle Settles For $200 Million

Software giant Oracle Corporation has agreed to pay nearly $200 million plus interest to settle a false claims lawsuit. The suit concerned the contract Oracle held under the GSA's Multiple Awards Schedule program. The Justice Department said it's GSA's largest false claims settlement ever. The suit was first brought by a whistleblower, and later joined by the government. The suit claimed Oracle failed to give government customers the same discounts it gave commercial customers, as required under federal rules. Oracle denies the charges. A company spokesman said it elected to settle rather than face drawn-out litigation. The whistleblower is former employee Paul Frascella. As his share of the recovery, he receives 40 million dollars.