Thursday, November 12, 2009

Omnicare and Ivax Admit No Wrong-Doing BUT Settle For $112 Million To "Avoid Expensive Litigation"

Omnicare and Ivax have decided to settle for $112 million to "avoid expensive litigation" for alleged drug kickbacks but claim they've done nothing wrong? Omnicare will be paying $98 million and Ivax $14 million plus interest.

I can only begin to imagine how much they are covering up if they thought $112 million would be the cheaper way out. These companies have made so much money through fraud that they can afford to just throw out millions to cover it up and say they will implement new integrity training to prevent future problems. I wonder how much they'll have to pay for that training?

No comments: