IBM to pay $17M to settle discrimination claims tied to federal contracts
TL;DR Summary
IBM will pay 17,077,043 to settle False Claims Act allegations that its federal contracts included discriminatory DEI practices, such as a diversity bonus modifier, diverse interview slates, race and sex demographic goals, and restricted training opportunities; the government says these actions violated anti-discrimination provisions, though IBM cooperated and implemented remedial measures; this settlement is the first resolution under the Civil Rights Fraud Initiative.
- Office of Public Affairs | IBM Pays $17 Million to Resolve Allegations of Discrimination Through Illegal DEI Practices Department of Justice (.gov)
- IBM to pay $17 million in anti-DEI settlement CNN
- IBM to pay $17 million to settle US government probe over DEI Reuters
- IBM to pay $17 million to settle discrimination allegations, DOJ says Yahoo Finance
- IBM (IBM) Stock; Dips as Company Agrees $17M Deal to End DOJ DEI Probe CoinCentral
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