BearingPoint Inc. et al

The U.S. Department of Justice filed a lawsuit against the consulting firm and three other companies for allegedly over billing government customers for travel expenses. "The four firms received rebates on travel expenses, including airlines, rental cars, and hotels, but did not report those discounts to their government clients and did not reduce reimbursement claims by the amount of the rebates, a violation of federal contracting regulations." In the settlement, Booz Allen Hamilton Inc. agreed to pay $3.37 million, Ernst & Young LLP agreed to pay $4.47 million and KPMG LLP agreed to pay $2.77 million. (Jan-04-05) [SMART PROS]

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