By Julian Hattem - 08/01/14 01:02 PM EDT
Hewlett-Packard will pay a $32.5 million settlement for allegedly overcharging the U.S. Postal Service for nearly a decade, the Justice Department announced on Friday.
According to the department’s allegations, the company violated its contract with the Postal Service from 2001 to 2010 by charging higher prices other customers paid and misrepresenting itself when the contract was originally negotiated. Those are violations of the False Claims Act, the government asserted.
Despite the costly payout, the settlement did not require the Palo Alto, Calif., company to admit wrongdoing.
In a statement sent to The Hill, an HP spokeswoman said that the computer manufacturer "is happy to find a mutually acceptable resolution to this matter.
“HP values its ongoing relationship with the U.S. Postal Service, and looks forward to continuing to deliver high-quality products and solutions to its valued customer,” the spokeswoman added.