Hewlett-Packard announced yesterday that it had recovered some $1.8 million from a company that bought computers using an educational discount but then resold them to commercial customers. See story.
(Perhaps of greater interest to corporate managers, the company’s owner reportedly pleaded guilty to related federal mail-fraud charges.)
Lesson: Don’t lie about being eligible for discounts or other special deals — that is, unless you think you might look good in handcuffs.
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See also: (list is automatically generated)
- Warranty disclaimers for UK transactions should also disclaim “conditions” – oil seller fails to do so, leaves itself open to $3MM damage award
- Deliberate Copying of Patented Technology Leads to Doubling of Damage Award
- Electrical utility’s failure to invoke mandatory but non-binding dispute resolution procedure before filing lawsuit doesn’t save power-turbine vendor from big damage award
- Side Letter in Sales Deal Leads to SEC Fraud Suit
Contract review: A final checklist
