Medtronic Strikes $23.5M Deal In Doctor Kickbacks Dispute

Law360, New York (December 12, 2011, 8:17 PM EST) -- Medtronic Inc. agreed Monday to pay $23.5 million to settle whistleblower claims that it paid doctors kickbacks through post-market studies and device registries to implant the company's pacemakers and defibrillators in patients, leading to phony Medicare and Medicaid submissions.

The settlement resolves two qui tam False Claims Act suits brought against the medical device giant in Minnesota and California, according to the U.S. Department of Justice. The whistleblowers that brought the suits will receive nearly $4 million of the settlement money, the DOJ said.

“Patients who...
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.