Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Global: Individual Record

Company: Teva Pharmaceuticals USA Inc. and IVAX LLC
Current Parent CompanyTeva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement: Teva Pharmaceutical Industries
Jurisdiction: United States
Region: North America
Penalty Currency: U.S. Dollar
Penalty Amount in Original Currency: 27,600,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $27,600,000
Year: 2014
Date: March 11, 2014
Agency: Justice Department Civil Division
Offense Group: government-contracting-related offenses
Offense Category: government contracting fraud
Description: Pharmaceutical manufacturer Teva Pharmaceuticals USA Inc. and a subsidiary, IVAX LLC, agreed to pay the government and the state of Illinois $27.6 million for allegedly violating the False Claims Act by making payments to induce prescriptions of an anti-psychotic drug for Medicare and Medicaid beneficiaries.
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(click here)
Archived Source(click here)
Link to this record on U.S. Violation Trackerhere
VTG Record ID: VTG24-5798