DOJ investigating SAP, Carahsoft for alleged price-fixing [Fortune]
ServiceNow, Inc. (NOW)
Last servicenow, inc. earnings: 4/29 04:10 pm
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Source: Fortune
Since at least 2022, Justice Department lawyers have been looking at whether SAP — which makes accounting, human resources, supply chain and other business software used across the globe – illegally conspired with Carahsoft to fix prices on sales to the US military and other parts of the government, according to federal court records filed in Baltimore. The civil investigation, which hasn't previously been reported, poses a legal risk to a top technology vendor to the US government and to Germany's most valuable company as its shares are soaring The review also shines an even greater light on Carahsoft, a large software vendor whose offices in Virginia were raided on Tuesday by FBI agents and military investigators. Carahsoft spokesperson Mary Lange described the search as “an investigation into a company with which Carahsoft has done business in the past.” It's not clear if the search is related to the investigation of SAP. Lange and other Carahsoft representatives declined to
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News
- Salesforce Targets AI-Driven Enterprise Automation With Agentforce [Forbes]Forbes
- Putting Culture and Customer Obsession at the Center of Business Transformation [TechCrunch]TechCrunch
- ServiceNow (NOW) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- US Investigating SAP, Carahsoft for Possible Price-Fixing [Yahoo! Finance]Yahoo! Finance
- Why ServiceNow Stock Was Sliding Today [Yahoo! Finance]Yahoo! Finance
NOW
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- 7/24/24 - Beat
NOW
Sec Filings
- 9/19/24 - Form 144
- 9/16/24 - Form 144
- 8/30/24 - Form 144
- NOW's page on the SEC website