" On March 29, the United States Court of Appeals for the Second Circuit put the shareholder claims back on the docket with what plaintiffs’ attorneys Robbins Geller Rudman & Dowd say is a potentially precedent-setting opinion.In 2012 SAIC, after more than four decades of operation as one of Washington biggest consulting firms, split in two. The parent company rebranded itself as Leidos and retains the liability for the CityTime litigation. A spokeswoman from SAIC referred an inquiry from MarketWatch to Leidos. A Leidos spokeswoman declined comment on the Appeals Court decision.The appeals court judges agreed with plaintiffs that SAIC should go to trial on allegations it failed to disclose in march 2011 10K that there was a “reasonable possibility” of a large liability relating to claims it defrauded the city. In March 2012, SAIC agreed to pay New York City $500.4 million to resolve a federal criminal complaint alleging it defrauded the city."
" On March 29, the United States Court of Appeals for the Second Circuit put the shareholder claims back on the docket with what plaintiffs’ attorneys Robbins Geller Rudman & Dowd say is a potentially precedent-setting opinion.In 2012 SAIC, after more than four decades of operation as one of Washington biggest consulting firms, split in two. The parent company rebranded itself as Leidos and retains the liability for the CityTime litigation. A spokeswoman from SAIC referred an inquiry from MarketWatch to Leidos. A Leidos spokeswoman declined comment on the Appeals Court decision.The appeals court judges agreed with plaintiffs that SAIC should go to trial on allegations it failed to disclose in march 2011 10K that there was a “reasonable possibility” of a large liability relating to claims it defrauded the city. In March 2012, SAIC agreed to pay New York City $500.4 million to resolve a federal criminal complaint alleging it defrauded the city.""The Government respectfully submits this letter to briefly respond to a new argument raised in the latest submission by Federal Insurance Company (“Federal”), dated March 9, 2016, concerning its request for Court-ordered restitution in this matter. (Federal’s letter is attached hereto as Exhibit A.) Specifically, the Government must address Federal’s new, and spurious, accusation that the Government’s opposition to its restitution request is motivated by the Government’s “own pecuniary interest,” in that the Government purportedly “wants to keep the money . . . for itself.”
"The Government respectfully submits this letter to briefly respond to a new argument raised in the latest submission by Federal Insurance Company (“Federal”), dated March 9, 2016, concerning its request for Court-ordered restitution in this matter. (Federal’s letter is attached hereto as Exhibit A.) Specifically, the Government must address Federal’s new, and spurious, accusation that the Government’s opposition to its restitution request is motivated by the Government’s “own pecuniary interest,” in that the Government purportedly “wants to keep the money . . . for itself.”
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