Word: usaid
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...government won a small victory yesterday in its ongoing lawsuit against Jones Professor of Economics Andrei Shleifer ’82 and Harvard as a federal jury determined that Shleifer was bound by crucial wording in the University’s contracts with the U.S. Agency for International Development (USAID) in the 1990s...
...University was absolved of fraud charges in June but could still face damages of up to $34.8 million, the amount paid to Harvard by USAID after the first improper investment in July 1994. Shleifer and Hay could each face treble damages of up to $104 million, though any judgement is likely to be much less than that, and Hay’s lawyers have said their client is near a settlement with the government...
...case centers around key provisions in the USAID contracts, which stipulate that employees “assigned to” foreign countries are not allowed to make investments in those countries...
Harvard was cleared of fraud charges last June but may still be liable for up to $34.8 million in damages to USAID for breach of contract...
Bloom faltered for a moment in her closing when the judge asked her to stop talking about the conflict of interest agreement Harvard had with USAID, saying that it was beyond the scope of this trial...