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Violation Tracker Individual Record

Company: CVS Caremark Corp.
Current Parent CompanyCVS Health
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $36,700,000
Year: 2008
Date: March 18, 2008
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: CVS Caremark Corp. agreed to pay $36.7 million to settle claims that the company from 2000 to 2006 improperly switched patients from the tablet version of the prescription drug Ranitidine (generic Zantac) to a more expensive capsule version in order to increase Medicaid reimbursement.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Rhode Island
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-pharmacies
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.