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Violation Tracker Individual Record

Company: Novartis Pharmaceuticals
Current Parent Company: Novartis
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $390,000,000
Year: 2015
Date: November 20, 2015
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Mega-Scandal: Healthcare Kickbacks
Violation Description: The United States Attorney for the Southern District of New York and the Inspector General of the U.S. Department of Health and Human Services announced a $390 million settlement against Novartis Pharmaceuticals Corp. in a civil fraud lawsuit based on claims that Novartis gave kickbacks to specialty pharmacies in return for recommending two of its drugs.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
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.