GlaxoSmithKline Settles Fraud Charges for $3 Billion (Largest Case of Health Fraud in U.S. History) [View all]
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GlaxoSmithKline settles fraud charges for $3 billion
Mon Jul 2, 2012 10:48am EDT
WASHINGTON (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.