Sharps Compliance settles government contract termination lawsuit Sharps Compliance announced that the company has entered into an agreement settling all claims against the United States government and various agencies related to the January 2012 termination of the Company's February 2009 contract with the Centers for Disease Control and Prevention. The settlement agreement calls for a cash payment to Sharps Compliance of $1.54M, which is inclusive of interest. Each party will bear its own costs, attorney fees, and expenses. The settlement amount is expected to be received over the next 30 to 60 days and will be recorded as a recovery of previously incurred post-contract termination expenses. The settlement will have a positive net income impact of 10c per share.