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Violation Tracker Individual Record

Company: Watson Pharmaceuticals
Current Parent Company: Teva Pharmaceutical Industries
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Penalty: $70,000,000
Year: 2011
Date: September 16, 2011
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-Scandal: Drug Pricing Abuses
Violation Description: Watson Pharmaceuticals agreed to pay $70 million to Florida, Texas and local governments in New York to resolve allegations that it knowingly set and reported false and inflated prices for medications dispensed by pharmacies and other providers who were then reimbursed by state Medicaid programs.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Israel
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: Attorney General Bondi's Office Recovers $20.2 Million for Florida from Pharmaceutical Company in Medicaid Fraud Settlement, States News Service, September 16, 2011 (via Nexis).
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.