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Faruqi & Faruqi, LLP Is Investigating CACI International Inc On Behalf Of Its Shareholders
Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, announced that it is investigating potential wrongdoing at CACI International Inc. The investigation focuses on whether certain officers and directors of the Company breached their fiduciary duties by causing or permitting the Company to submit false claims in order to receive federal funds pursuant to a General Services Administration contract. In a May 4, 2012 regulatory filing, the Company disclosed for the first time that it had received a subpoena from the U.S. Defense Department and a notice of a False Claims Act investigation by the U.S. Justice Department. The Company disclosed that On April 9, 2012, the Company received a letter from the Department of Justice (DoJ) informing the Company that the DoJ is investigating whether the Company violated the Civil False Claims Act by submitting false claims to receive federal funds pursuant to a GSA contract. Specifically, the DoJ is investigating whether the Company failed to comply with certain contract requirements and applicable regulations by improperly billing for certain contracting personal under the contract. The Company also disclosed that it received a subpoena from the Defense Criminal Investigative Service seeking documents related to one of the Company's contracts for the period of January 1, 2007 through March 26, 2012.
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