Alabama Shipbuilder Austal to Pay $24M to Settle Accounting Fraud Probe

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Insurance Journal - Aug 29, 2024

MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced Tuesday. …...

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