Medtronic To Pay $40M To Settle Kickback Charges

Law360, New York (July 18, 2006, 12:00 AM EDT) -- Medical device maker Medtronic Inc. has agreed to pay $40 million to settle allegations that it offered kickbacks to doctors who used the company’s spinal products.

The charges were brought by the Department of Justice, which claimed that between 1998 and 2003, Medtronic’s Sofamor Danek unit illegally paid doctors through false consulting agreements, sham royalty agreements and free vacations.

The government alleges that the kickbacks violated the Anti-Kickback Statute and the False Claims Act.

In addition to the $40 million payment, Medtronic will also launch an...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.