HP to Pay $55 Million to Settle Kickback Allegations

Tuesday Aug 31st 2010 by Datamation.com Staff
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The deal closes the case on HP's payment of "influencer fees" to third-party vendors.

Cnet: HP and the Department of Justice have reached an agreement to settle a case that accuses the technology giant of paying "influencer fees" to third-party vendors in order to get government contracts. "Contractors must deal fairly with the government when doing business with federal agencies," said assistant attorney general Tony West. "As this case demonstrates, we will take action against those who seek to taint the government procurement process with illegal kickbacks."

HP will pay the federal government $55 million, but did not admit any wrongdoing, saying, "HP denies engaging in any illegal conduct in connection with these matters. We believe it is in the best interest of our stakeholders to resolve the matter and move beyond this issue."

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