LAWSUITS NEWS & LEGAL INFORMATION
King Pharmaceuticals Inc.
The Tennessee pharmaceutical company was accused of incorrectly reporting prices for its generic drugs and has now agreed to pay more than $124 million to 49 states and the federal government in settlement of federal criminal and civil charges laid against the company.
The company is said to have fraudulently reported information used to establish drug prices and to calculate quarterly rebate payments made to state Medicaid programs and other federal and state drug programs. The settlement will be used to reimburse state Medicaid programs, as well as the federal government's share of Medicaid costs and other federal drug programs. (Mar-24-06) [MILWAUKEE BUSINESS JOURNAL]
The company is said to have fraudulently reported information used to establish drug prices and to calculate quarterly rebate payments made to state Medicaid programs and other federal and state drug programs. The settlement will be used to reimburse state Medicaid programs, as well as the federal government's share of Medicaid costs and other federal drug programs. (Mar-24-06) [MILWAUKEE BUSINESS JOURNAL]
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