Columbia University to pay $9.5 million in U.S. civil fraud case

Reuters News
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Posted: Jul 14, 2016 11:01 AM

NEW YORK (Reuters) - Columbia University will pay $9.5 million to resolve claims by the U.S. government that it improperly sought excessive cost recovering in connection with federal research grants, authorities announced on Thursday.

The settlement, announced by Manhattan U.S. Attorney 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.

(Reporting by Nate Raymond in New York; Editing by Chizu Nomiyama)