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Violation Tracker Individual Record

Company: King Pharmaceuticals
Current Parent CompanyPfizer
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Recap of Ownership Changes subscribe to see this data field
Penalty: $124,000,000
Year: 2006
Date: March 23, 2006
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: King Pharmaceuticals agreed to pay $124 million to settle multistate litigation alleging that it failed to accurately report its average manufacturer price and its best price for certain pharmaceutical products. As a result, King underpaid Medicaid and other programs amounts that were due under the federal and state Medicaid Rebate Programs, which are designed to ensure that Medicaid receives the benefit of discounts that King made available to its commercial customers. The U.S. Department of Justice was also involved in the settlement and issued its own announcement; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.