CSRA announces appeal of Maryland lawsuit result
Seeking Alpha
Published Sep 22, 2017 04:58PM ET
CSRA announces appeal of Maryland lawsuit result
- CSRA (NYSE:CSRA) announces the appeal of a complicated case involving the state of Maryland and the company Computer Sciences Corporation (NYSE:DXC) (CSC), which CSRA agrees to represent legally due to a 2015 agreement.
- CSC and the state argued over what party was responsible for the breakdown of the joint Maryland Medicaid Enterprise Restructuring Project.
- CSC blamed the state and sought $83M in damages. The state countersued and asked for $30M plus damages.
- The Maryland Department of Health ruled in the state’s favor and awarded $521M, which CSR calls “absurd and highly speculative.”
- Previously: SunTrust Robinson Humphrey upgrades CSRA (Sept. 15)
- Now read: MassRoots New President Defends Price Paid For CannaRegs
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