Actavis Settles Mass. Medicaid Price Claims For $4M

Law360, New York (March 9, 2010, 3:38 PM EST) -- Actavis Elizabeth LLC has paid $3.6 million to settle the state of Massachusetts' allegations that it jacked up the prices of drugs sold to the state's Medicaid program, becoming the latest pharmaceutical giant to have struck such a deal.

The settlement resolves Actavis' involvement in a Massachusetts False Claims Act case pending in the U.S. District Court for the District of Massachusetts that alleges Actavis reported false and inflated prices to drug industry price reporting services, state Attorney General Martha Coakley said Tuesday.

By reporting the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.