Oracle to pay $98.5M to settle suit

Published October 11, 2006 4:00am ET



The Oracle Corp., whose CEO Larry Ellison is one of the world?s richest men, agreed Tuesday to pay $98.5 million to the U.S. government to settle a false claims lawsuit, after a company it owns was accused of ripping off the government in a contract.

This is the largest contract fraud settlement ever reached by the U.S. government in Maryland.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.