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Violation Tracker Individual Record

Company: Bristol-Myers Squibb
Current Parent Company: Bristol-Myers Squibb
Penalty: $187,000,000
Year: 2008
Date: July 15, 2008
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Secondary Offense: kickbacks and bribery
Mega-Scandal: Drug Pricing Abuses
Violation Description: Bristol-Myers Squibb agreed to pay $187 million to settle multistate litigiation alleging that the company reported grossly inflated drug wholesale prices to state Medicaid programs and engaged in other improper marketing practices. This was part of a larger $515 million settlement also 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: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.