Former BMS Unit Pays $6.2M To Bury Tax Evasion Case

Law360, New York (March 14, 2014, 1:55 PM EDT) -- Lantheus Medical Imaging Inc. and its former parent Bristol-Myers Squibb Co. will pay $6.2 million to settle claims that they avoided sales tax payments after a whistleblower brought the alleged fraud to the attention of authorities, New York's attorney general said Friday.

Lantheus and Bristol-Myers Squibb, which sold the business to Avista Capital Partners in 2008, were accused in a May 2012 whistleblower suit in Manhattan trial court of avoiding sales tax payments for earnings related to the sale of medical imaging products to hospitals, clinics...
To view the full article, register now.