3 hrs ago
Better Keep Your Opinions to Yourselves for Now: Second Circuit...
On July 16, 2014, a three-judge Second Circuit panel affirmed the dismissal of a securities class action against Deutsche Bank AG and several underwriters.
7 hrs ago
Market reacts to Omnicare earnings report
Nitin Sahney, who is now president and chief operating officer of Omnicare Inc., will be the company's next CEO.
10 hrs ago
Omnicare Reports Second-Quarter 2014 Financial Results
Second-Quarter Highlights: * Net sales increase of 7.1% to "We are pleased with our second-quarter results, which reflect consistent execution of our plan to drive long-term growth across our business," said , which generated double-digit increases in revenues and operating income.
False claims by any other name: Medtronic and Omnicare cases...
Government allegations of Medtronic's alleged incentives to physicians for prescribing its medical devices lead company, while denying wrongdoing, to settle False Claims Act suit predicated on Anti-Kickback Statute.
Omnicare Settles Two Qui Tam Cases Alleging "Swapping" Kickbacks to Nursing Homes
On June 25, the Department of Justice announced that it had settled with Omnicare, Inc. in two matters alleging that kickbacks resulted from below-cost discounts offered to skilled nursing homes as an inducement to select Omnicare as their pharmacy provider.1 The cases, captioned United States ex rel.
Omnicare pharmacy company to pay out $124 millionOmnicare pharmacy...
Omnicare pharmacy company to pay out $124 million Omnicare is headquartered in Cincinnati but the federal lawsuit was filed by two whistleblowers in Cleveland.
Omnicare in $124 mln settlement over alleged kickbacks
Omnicare Inc will pay $124 million to resolve allegations that it paid kickbacks to secure contracts to supply drugs to nursing homes with Medicare and Medicaid patients, the U.S. Justice Department said on Wednesday.