Violation Tracker Individual Record
Company:
Novartis Pharmaceuticals
Current Parent Company:
Novartis
Penalty:
$390,000,000
Year:
2015
Date:
November 20, 2015
Offense Group:
competition-related offenses
Primary Offense:
kickbacks and bribery
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 Parent:
Switzerland
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
pharmaceuticals
Specific Industry of Parent:
pharmaceuticals
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
