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Company: Merck & Co., Inc.
Current Parent Company:
Merck
Parent at the Time of the Penalty Announcement:
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Penalty: $24,000,000
Year: 2011
Date: December 20, 2011
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Merck & Co. agreed to pay $24 million in settlement of alleged improper reporting of the average wholesale price of its drugs, causing Medicaid to pay inflated amounts.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data:
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Notes: This was a settlement over post-verdict motions to withdraw an appeal and end the litigation.
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.