Abbott Settles Stent Kickbacks Case For $5M

Law360, New York (January 2, 2014, 7:51 PM EST) -- Abbott Laboratories will fork over almost $5.5 million to resolve whistleblowers’ False Claims Act allegations that it showered doctors with kickbacks so they would use the company’s stent products, the U.S. Department of Justice said last week.

The settlement, which includes no admission of wrongdoing, will result in two former sales staffers collecting more than $1 million for their efforts in bringing the complaint, the DOJ said Dec. 27. However, the payout is a far cry from the more than $1 billion in Medicare fraud that...
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