Judge Blasts $8M Deal To End WakeMed Medicare Fraud Suit

Law360, New York (January 18, 2013, 4:38 PM EST) -- A North Carolina federal judge on Thursday reportedly blasted an $8 million settlement and deferred prosecution agreement between WakeMed Health & Hospitals and the U.S. government over Medicare overbilling allegations, calling the deal a “slap on the hand” for a “too big to fail” company.

U.S. District Judge Terrence Boyle declined to approve the settlement and the deferred prosecution agreement that federal prosecutors reached last month with Raleigh, N.C.-based WakeMed, saying that he was angry no criminal charges were filed in the case, according to a...
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.