Violation Tracker Global

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Violation Tracker Global: Individual Record

Company: Watson Pharmaceuticals
Current Parent Company: Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement: Watson Pharmaceuticals
Recap of Ownership Changes: In 2012 Watson merged with Actavis and took its name; it then merged with Allergan, which sold its generics business to Teva in 2016.
Jurisdiction: United States
Region: North America
Penalty Currency: U.S. Dollar
Penalty Amount in Original Currency: 70,000,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $70,000,000
Year: 2011
Date: September 16, 2011
Agency: Multistate Attorneys General Case
Offense Group: government-contracting-related offenses
Offense Category: government contracting fraud
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.
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).
Link to this record on U.S. Violation Tracker: here
VTG Record ID: VTG24-11984