secwatch.observer — SEC 8-K summary
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Issuer:     Booz Allen Hamilton Holding Corp (BAH)
CIK:        0001443646
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001443646-23-000164
Event type: litigation
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Booz Allen settles DOJ probe for $377.5M, resolves cost-accounting claims from 2011-2021
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- Pays $377.5M to DOJ to end civil investigation into indirect cost charging practices, April 2011 – March 2021.
- Previously recorded $350M reserve; range of reasonably possible loss was $350M-$378M.
- Settlement covers civil False Claims Act and other statutory claims; no admission of liability.
- Payment funded from cash on hand and revolving credit facility draws.
- Avoids delay and expense of protracted litigation; U.S. releases company for covered conduct.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1443646/000144364623000164/0001443646-23-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1443646/000144364623000164/bah-20230721.htm
  HTML page:      https://secwatch.observer/filing/0001443646-23-000164

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