Former BMS Unit Pays $6.2M To Bury Tax Evasion Case

Law360, New York (March 14, 2014, 1:55 PM EDT) -- Lantheus Medical Imaging Inc. and its former parent Bristol-Myers Squibb Co. will pay $6.2 million to settle claims that they avoided sales tax payments after a whistleblower brought the alleged fraud to the attention of authorities, New York's attorney general said Friday.

Lantheus and Bristol-Myers Squibb, which sold the business to Avista Capital Partners in 2008, were accused in a May 2012 whistleblower suit in Manhattan trial court of avoiding sales tax payments for earnings related to the sale of medical imaging products to hospitals, clinics...
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