October 11, 2006
Oracle Settles Government Price Gouging Claim
The Washington Post is reporting that Oracle is settling claims by the federal government over price gouging. The claims arose from PeopleSoft bids that understated discounts available to commercial customers. Government procurement rules require vendors to disclose commercial pricing policies. Government purchasers paid higher prices as a result of the non-disclosure.
The contract in question came about when PeopleSoft was an independent company. Oracle bought the company several years ago. The settlement figure is $98.5 million.
October 11, 2006 | Permalink
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