Oracle to pay $199.5 mln to resolve false claims case

Oracle Corp has agreed to pay $199.5 million plus interest to settle allegations that the software giant failed to give promised discounts to the federal government, the U.S. Justice Department said on Thursday. The world's No. 3 software company was also accused of making false statements about its sales practices and discounts and failing to meet its contract obligations to provide complete information about its sales practices. Additionally, Oracle did not disclose higher discounts given to other customers and as a result the federal government paid more for its products than it should have, according to the Justice Department. Click here for full story