Basic Search
|
Summaries
|
Advanced SearchViolation Tracker Individual Record
Company: Bayer AG
Current Parent Company:
Bayer
Parent at the Time of the Penalty Announcement:
subscribe to see this data field
Penalty: $108,000,000
Year: 2003
Date: April 16, 2003
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-Scandal:
Drug Pricing Abuses
Violation Description: Bayer agreed to pay $108 million to settle multistate allegations that it defrauded Medicaid programs by relabeling products sold to a health maintenance organization at deeply discounted rates and then concealing the discounts to avoid paying rebates. This was part of a larger $251 million settlement involving the federal government; see the Violation Tracker entry at
(click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
Source of Data:
(click here)
Archived Source:
(click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.