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This site provides news and information about the False Claims Act qui tam whistleblower law, the Tax Whistleblower law and the Securities and Commodities Whistleblower law. On this site you can learn the basics of each law and the process of bringing a case as well as read about the latest developments.

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Monday, August 20, 2007

ConocoPhillips Unit to pay $97.5 M for Royalty Underpay

CNN.com is reporting that Burlington Resources Inc., a subsidiary of ConocoPhillips, has agreed to pay $97.5 M to settle allegations that it underpaid royalties owed on natural gas produced from federal and Indian leases.

The settlement resolves allegations under the False Claims Act that Burlington systematically underreported the value of natural gas that it produced on federal and Indian leases between 1998 and 2005.  Additionally, Burlington paid less royalties than it owed to the U.S. government and various Indian tribes.

Click here to read the article on CNN.com, ConocoPhillips Settles Royalty Underpay.

Posted by Quitam Help Admin on 08/20 at 05:33 AM
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