The DOJ and SEC levied accounting fraud charges against three Alabama men for suppressing cost estimates and misleading investors at Navy shipbuilder Austal USA.
The Independence-variant littoral combat ship USS Jackson transits the South China Sea on Oct. 28, 2021.
The Navy has 13 active Independence-class LCS with another four in various phases of construction. However, the Navy has decommissioned two of the ships and is planning to decommission two more of the older ships in the class that lack the upgrades of their successors and have been plagued by maintenance issues.
"[Austal Limited] and Austal USA have been cooperating with the DoJ and SEC in their investigations and will continue to do so until these matters are fully resolved," the spokesperson said. "Austal USA has invested significant time and resources to strengthen its compliance program since the investigations began.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
4 Navy Officers Convicted for Taking ‘Fat Leonard' Bribes Seeking RetrialsFour former U.S. Navy officers convicted in San Diego of accepting bribes from foreign defense contractor Leonard Glenn 'Fat Leonard' Francis filed a joint motion Friday seeking a retrial or a dismissal of the indictment filed against them.
Weiterlesen »
Houston coalition files DOJ complaint due to TEA takeoverThe coalition includes the American Civil Liberties Union of Texas, the ACLU, the Houston NAACP among others stating the takeover is potential voting rights violation.
Weiterlesen »
CDC team gets sick investigating health impacts of Ohio train derailment; DOJ sues Norfolk SouthernMeanwhile, a CDC team going door to door in East Palestine got sick during their investigation in early March.
Weiterlesen »
Former Navy coach and BYU candidate Ken Niumatalolo joins UCLA staffFormer Navy coach Ken Niumatalolo is joining UCLA’s coaching staff as director of leadership. The school said in an announcement Friday that Niumatalolo will serve as an adviser to the Bruins’ football staff and players.
Weiterlesen »
DOJ arrests 'White Lives Matter' member accused of attempting to burn down churchThe Justice Department announced the arrest of a 20-year-old Ohio man who allegedly sought to burn down a local church planning to host two drag show events.
Weiterlesen »
DOJ sues Norfolk Southern for alleged environmental violations in East Palestine derailmentWASHINGTON — The Justice Department has filed a lawsuit against Norfolk Southern seeking to hold the railroad company accountable for the derailment last month in East Palestine, Ohio and its toxic aftermath, according to court records.
Weiterlesen »