Violation Tracker Individual Record

Company: 
Novartis Pharmaceuticals
Current Parent Company: 
Novartis
Penalty: 
$390,000,000
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.

Year: 
2015
Date: 
November 20, 2015
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.