Tagged Articles

drug prices 1 articles

Watson Pharmaceuticals settles fraud allegations with Louisiana for $8.5 million

Watson Pharmaceuticals Inc. has agreed to pay Louisiana $8.5 million to settle allegations that it defrauded the state’s Medicaid program by artificially inflating its wholesale drug prices. The resolution came on Tuesday just before state attorneys were to give opening statements before a 12-person jury in Louisiana’s 19th Judicial District Court. Louisiana Attorney General Buddy Caldwell initiated the complaint against Watson Pharmaceuticals, alleging the company had defrauded taxpayers and the state’s Medicaid program by violating the Louisiana Unfair Trade Practices and Consumer Protection Act and Louisiana’s Medical Assistance Programs Integrity Law. “We are prepared to present these fraud cases to ... Read More