Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Walgreens to pay $269M to settle civil fraud lawsuits, DoJ says

Published 01/22/2019, 06:35 PM
© Reuters.  Walgreens to pay $269M to settle civil fraud lawsuits, DoJ says
WBA
-
  • Walgreens Boots Alliance (NASDAQ:WBA) agrees to pay $269.2M to settle whistleblower lawsuits accusing it of civil fraud for overbilling federal healthcare programs, the U.S. Department of Justice says.
  • WBA will pay $209.2M to resolve claims it improperly billed Medicare, Medicaid and other federal programs during 2006-17 for hundreds of thousands of insulin pens it dispensed to patients it knew did not need them, and $60M to resolve claims it overcharged Medicaid during 2008-17 by failing to disclose and charge the discount drug prices it offered the public through its Prescription Savings Club program.
  • WBA, which "admits, acknowledges, and accepts responsibility" for the alleged conduct, says it set aside enough money for the settlements as of Nov. 30, 2018.
  • Now read: Walgreens: Back On The Radar


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.