March 12, 1998   Paul Aeropower Corporation

Paul Aeropower Corporation, formerly known as Pall Land and Marine Corporation, has agreed to pay $2.2 Million Dollars to settle allegations asserted in a qui tam action filed by Vern Sneed, a former manager at Pall. The allegations of the case were that while Pall was negotiating one or more contracts with the Army, it did not tell government negotiators about manufacturing changes it intended to make in producing the filters it was to sell to the government, which significantly reduced their costs. Federal law required Pall to disclose that information to the government.

As part of the settlement, Mr. Sneed will receive $374,000 for having filed the qui tam case.

See U.S. Dept of Justice Press Release 3/12/98

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