Rite Aid to Pay $101 Million, $409 Million Settlement in Whistleblower Case
Rite Aid Corporation and several of its subsidiaries have agreed to pay $101 million to resolve allegations of failing to accurately report drug rebates to Medicare, according to the U.S. Justice Department. Additionally, Rite Aid will pay $7.5 million and allow a claim of $401.8 million in its bankruptcy case to settle allegations under the False Claims Act and Controlled Substances Act. The Department of Justice also obtained a $409 million settlement in a whistleblower lawsuit against Rite Aid. The firm's blended rate for attorneys in the bankruptcy case was $1,172 hourly for April.
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Mario Nawfal
🚨 BREAKING: RITE AID TO PAY $101M OVER FALSE REBATE REPORTING Rite Aid Corporation agrees to pay $101 million to resolve allegations of inaccurate drug rebate reporting to Medicare. The settlement also includes violations of the False Claims Act and Controlled Substances Act…
Bloomberg Law Rite Aid and 10 subsidiaries and affiliates will pay $7.5 million and allow a claim of $401.8 million in Rite Aid’s bankruptcy case to settle allegations under the False Claims Act and Controlled Substances Act, the Justice Department announced. https://t.co/hEXjIa30S0
Latest News from Business WireDepartment of Justice Obtains $409 Million Settlement in Baron & Budd Whistleblower Lawsuit Against Rite Aid https://t.co/8dnHNNeJW1 https://t.co/C0XF8EVZ4e
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