Storage Soup

Apr 14 2009   2:13PM GMT

NetApp to pay $128 million to settle GSA probe

Beth Pariseau Beth Pariseau Profile: Beth Pariseau

In an SEC filing Monday, NetApp disclosed it has paid $128 million to the federal government to settle a Department of Justice probe into its contracting activity with the General Services Administration (GSA).

EMC has also disclosed it’s the target of a similar probe, and late last fall it was also reported that several other IT vendors have been targeted by the DOJ over pricing, including Sun Microsystems, Canon and Cisco.

In exchange for the settlement, according to the filing, “the parties to the Agreement have agreed to release NetApp with respect to the claims alleged in the investigation as set forth in the Agreement. The Agreement reflects neither an admission nor denial by NetApp of any of the claims alleged by the DOJ, and represents a compromise to avoid continued litigation and associated risks.” NetApp “recorded a $128.0 million accrual for this contingency in the third quarter of fiscal 2009.”

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: