Exactech To Pay $3M To Settle Kickbacks Case

Law360 (December 7, 2010, 7:57 PM EST) -- Orthopedic implant device maker Exactech Inc. has agreed to pay nearly $3 million and enter into a deferred prosecution agreement with federal attorneys in order to resolve a probe first launched in 2007 into alleged kickback schemes involving improper inducements paid to doctors who used the company's products.

In a statement released Tuesday, Exactech said the agreement puts to rest the investigation by the U.S. Attorney's Office for the District of New Jersey into the firm's consulting arrangements with orthopedic surgeons on its hip and knee products for the U.S. market.

An independent monitor will review and evaluate the firm's compliance...

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