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However, Citigroup still denies any wrongdoing and entered into the settlement in order to, "eliminate the uncertainties, burden and expense of further protracted litigation." [11] Merck and Co. - Merck and Schering-Plough settled a $688 million lawsuit after the two companies merged in 2009. Both of these drug companies reportedly delayed ...
The following is a list of the 20 largest settlements reached between the United States Department of Justice and pharmaceutical companies from 2001 to 2013, ordered by the size of the total settlement. The settlement amount includes both the civil (False Claims Act) settlement and criminal fine.
By 2008 Glenmark was the fifth-biggest pharmaceutical company in India. [5] By 2011 the founder of the company was one of the richest men in India, [6] and Glenmark had worldwide sales of $778 million, a 37% increase over the last year's sales; the growth was driven by Glenmark's entry into the US and European generics markets. [7]
German pharmaceutical and chemical company Merck KGaA will pay $280 million to settle a claim brought against a former subsidiary, Dey Pharma, regarding Medicare and Medicaid reimbursements, the U ...
The settlement could be valued at up to $12 billion, they said, which would make it the largest such settlement in U.S. pharmaceutical history. * Merck & Co $4.85 billion, 2007 - Three years after ...
Reverse payment patent settlements, also known as "pay-for-delay" agreements, [1] are a type of agreement that has been used to settle pharmaceutical patent infringement litigation (or threatened litigation), in which the company that has brought the suit agrees to pay the company it sued. That is, the patent holder pays the alleged infringer ...
Microsoft has reached a $14.4 million settlement with California’s Civil Rights Department over claims the company discriminated against employees who were on parental and disability leave.
They agreed to pay $29.3 million. [19] In 2005, Medco Health Solutions agreed to pay the United States $155 million plus interest to settle allegations that it accepted kickbacks from drug makers and submitted false claims to the government. [20] There was no admission of guilt or finding of wrongdoing in either settlement.