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Navigant Consulting Sues Stockman Over Forensic Accounting

June 1 (Bloomberg) -- David Stockman, the former Reagan administration budget director, was sued by the forensic accounting firm Navigant Consulting Inc. over claims he failed to pay $297,000 for work done for his defense in a fraud case.

Stockman was indicted in 2007 on charges that he misled investors in Collins & Aikman Corp. when he served as its chief executive officer. U.S. prosecutors in New York dropped the case two years later.

Navigant claims in its breach-of-contract complaint, filed today in federal court in Manhattan, that Stockman owes the money for work it performed on his behalf. As of May 2010, the firm had been paid $6.75 million of the $7.05 million it was owed, according to documents in the complaint.

Stockman didn’t immediately return an e-mail seeking comment on the lawsuit.

The case is Navigant Consulting Inc. v. Stockman, 12-cv-04321, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: David Glovin in New York at dglovin@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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