Violation Tracker Individual Record

Company: 
Teva Pharmaceuticals Inc.
Current Parent Company: 
Teva Pharmaceutical Industries
Penalty: 
$169,000,000
Year: 
2010
Date: 
July 21, 2010
Offense Group: 
government-contracting-related offenses
Primary Offense: 
False Claims Act and related
Violation Description: 

Teva Pharmaceuticals agreed to pay $169 million to California, Florida, Texas and the federal government to settle allegations that it misreported drug prices to state Medicaid programs and thus caused them to overpay for generic drugs.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Israel
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
pharmaceuticals
Specific Industry of Parent: 
pharmaceuticals
Source of Data: 

Attorney General Abbott Recovers $51 Million for Texas; Medicaid Fraud Exposed, US Fed News, July 21, 2010 (via Nexis).

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.