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Litigation

Jul. 20, 2016

Bristol-Myers Squibb to pay $30M to settle state kickback lawsuit

The pharmaceutical giant will pay $30 million to settle allegations of defrauding commercial health insurers by offering kickbacks to physicians who issued new prescriptions, according to the state Insurance Commissioner Dave Jones.

By Saul Sugarman
Daily Journal Staff Writer

Pharmaceutical giant Bristol-Myers Squibb Company will pay $30 million to settle allegations of defrauding commercial health insurers by offering kickbacks to physicians who issued new prescriptions, according to the state Insurance Commissioner Dave Jones.

The company allegedly provided gifts and cash to physicians and their families in exchange for doling out more prescriptions of Pravachol...

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