BEACHWOOD, Ohio (AP) -- Ohio-based RPM International Inc. and its subsidiary Tremco Inc. have paid nearly $61 million to settle a suit that argued the group filed false claims under roofing supplies and services contracts with the U.S. General Services Administration.
The U.S. Department of Justice announced the settlement Wednesday. Tremco is a manufacturer of roofing products.
The department says Tremco allegedly failed to give the government price discounts given to non-federal government customers. The department also alleges Tremco marketed expensive materials to government buyers without disclosing the availability of cheaper materials that were also manufactured and sold by the company.
Tremco says the settlement recognizes that accurate information about prices and discounts wasn't always provided on a timely basis to GSA.
The lawsuit's whistleblower, Tremco's former vice president, will receive nearly $11 million.