Siemens Industry Agrees to $1M Settlement for Misrepresenting Energy Data Prior to Public Housing Renovations

“These misrepresentations also ensured that Siemens was always on the ‘right side’ of its guarantees (falsely reflecting cost savings) to the HHC, which ensured that Siemens would not be held responsible for failing to deliver the energy savings that it promised when it sought HUD approval,” according to the plaintiffs’ complaint.