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Violation Tracker Individual Record

Company: Lifescan, Inc.
Current Parent Company: Platinum Equity
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Penalty: $15,000,000
Year: 2001
Date: November 14, 2001
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Lifescan, Inc. agreed to pay $15 million to resolve allegations that it failed to notify the Veterans Administration that it had reduced prices to certain commercial customers below the cost negotiated by the agency. As a result, the VA, and other federal agencies purchasing through the contract, were overcharged.
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: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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.