IBM Suspension

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

The IBM Suspension for bidding on contracts has been lifted. The suspension was put in place by the EPA and has been in force for for one week.

The suspension was put in place after an EPA debarring official received information that supported allegations that IBM employees had received source selection information from an EPA employee, according to the agreement that lifted the suspension. The document was signed Thursday by Robert Meunier, the EPA debarring official, and Richard Kaplan, vice president and assistant general counsel for IBM.

As part of the agreement, IBM has agreed to suspended five employees while the investigation continues, pull out of the procurement that sparked the controversy and pay EPA’s costs involved with a protest of that contract.

IBM is cooperating with EPA’s ongoing investigation and is conducting its own internal investigation, which it has agreed to share with the agency, according to the EPA document.

IBM hasn’t commented yet on the suspension lift.

If you enjoyed this post, subscribe to the Superior Investor Blog RSS feed!.