Mon Jul 2, 2012, 10:58 AM

GlaxoSmithKline settles fraud charges for $3 billion [View all]

Source: Reuters

(Reuters) - GlaxoSmithKline Plc has agreed to plead guilty to criminal charges and pay $3 billion to settle the largest case of healthcare fraud in U.S. history, according to court filings and prosecutors.

The settlement includes $1 billion in criminal fines and $2 billion in civil fines in connection with the sale of the drug company's Paxil, Wellbutrin and Avandia products.

Read more: http://www.reuters.com/article/2012/07/02/us-glaxo-settlement-idUSBRE8610S720120702

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15 replies	Author	Time	Post
GlaxoSmithKline settles fraud charges for $3 billion [View all]	Viva_La_Revolution	Jul 2012	OP
So Glaxo made what...$30 billion from their fraud?	bluedigger	Jul 2012	#1
Proving that it's cheaper to just buy the election	Turbineguy	Jul 2012	#2
The article didn't provide details.	Baitball Blogger	Jul 2012	#3
I think you should do your own homework, Google it.	xtraxritical	Jul 2012	#5
I most certainly will, and then provide a new thread that will be more thorough.	Baitball Blogger	Jul 2012	#8
They were pushing Wellbutrin and Paxil for off-labels uses, and hiding data on Avandia.	hedgehog	Jul 2012	#12
Thank you! I appreciate it.	Baitball Blogger	Jul 2012	#13
"When necessary, we have removed employees who have engaged in misconduct."	arikara	Jul 2012	#4
Did ANYONE GO TO JAIL?	solarman350	Jul 2012	#6
Awesome logic!	Marthe48	Jul 2012	#11
Not my issue, but...	proverbialwisdom	Jul 2012	#7
K & R!	lonestarnot	Jul 2012	#9
The company is a load of crap	davidpdx	Jul 2012	#10
Cost of doing business...	hunter	Jul 2012	#14
Glaxo's best practices are death, profit, fallout	stumblnrose	Jul 2012	#15