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Hyundai Oilbank Co., S-Oil Corporation, et al — Government Contract Fraud/Bid-Rigging ($363 million)

Posted  April 4, 2019
CC Attorneys Eric R. Havian, Sarah “Poppy” Alexander

A team of our whistleblower attorneys led the representation of an anonymous whistleblower who provided extensive assistance to the U.S. government in its criminal and civil cases against several Korean oil and transportation companies, for their roles in a conspiracy to artificially inflate prices on fuel contracts for U.S. military bases in South Korea. In November 2018, SK Energy Co. Ltd., GS Caltex Corporation, and Hanjin Transportation Co. Ltd. collectively agreed to pay $154 million, to resolve the False Claims Act allegations brought by Constantine Cannon’s client, and an additional $82 million in criminal fines for their involvement in the conspiracy the whistleblower exposed. And in March 2019, the Department of Justice announced that two additional companies, Hyundai Oilbank Co. Ltd and S-Oil Corporation, would pay $75 million in criminal fines and $52 million to resolve these same False Claims Act and antitrust violations. This brings the settlement totals to $363 million and is the largest False Claims Act antitrust recovery as well as the largest False Claims Act settlement involving bid-rigging to date. Read more here.

Tagged in: Bribery and Bid-Rigging, FCA Federal, Government Procurement Fraud,

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