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Violation Tracker Individual Record

Company: Valeant Pharmaceuticals, Inc.
Current Parent Company: Bausch Health
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,875,000
Year: 2018
Date: May 7, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: The California Insurance Commissioner reached a $1.875 million settlement with Valeant Pharmaceuticals, Inc. relating to its former relationship with Philidor Rx Services LLC and claims for reimbursement or payment for Valeant products submitted by Philidor to California insurers.
Level of Government: state
Action Type: agency action
Agency: California Department of Insurance
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: Canada
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.