A woman lies in the grass while reading a book, at Columbia University in New York, April 14, 2014. REUTERS/Carlo Allegri
NEW YORK (Reuters) - Columbia University will pay $9.5 million (7 million pounds) to resolve claims by the U.S. government that it improperly sought excessive cost recovery in connection with federal research grants, authorities announced on Thursday.
The settlement, announced by U.S. Attorney for Manhattan Preet Bharara, came after the U.S. government intervened in a civil fraud lawsuit filed under seal in 2013 by a purported whistleblower against Columbia.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
