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CDI Makes $4.3M Provision

CDI Makes $4.3M Provision

CDI Corp., the Philadelphia based staffing firm, says it has set aside $4.3 million pending the resolution of a U.S. Department of Justice investigation into how the company charged for the time it spent on certain federal government contracts, according to a filing with the Securities and Exchange Commission.

The total value of the claim under the U.S. False Claims Act could equal $2 million, and the company faces the potential of treble damages as well as statutory penalties in a range of $1.7 million to $3.4 million.

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