Bloomberg News

Navigant Consulting Sues Stockman Over Forensic Accounting

June 01, 2012

David Stockman, the former Reagan administration budget director, was sued by the forensic accounting firm Navigant Consulting Inc. over claims he failed to pay $297,000 for work done for his defense in a fraud case.

Stockman was indicted in 2007 on charges that he misled investors in Collins & Aikman Corp. when he served as its chief executive officer. U.S. prosecutors in New York dropped the case two years later.

Navigant claims in its breach-of-contract complaint, filed today in federal court in Manhattan, that Stockman owes the money for work it performed on his behalf. As of May 2010, the firm had been paid $6.75 million of the $7.05 million it was owed, according to documents in the complaint.

Stockman didn’t immediately return an e-mail seeking comment on the lawsuit.

The case is Navigant Consulting Inc. (NCI:US) v. Stockman, 12- cv-04321, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: David Glovin in New York at dglovin@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


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Companies Mentioned

  • NCI
    (Navigant Consulting Inc)
    • $14.64 USD
    • -0.18
    • -1.23%
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