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Company: Abbott Laboratories Inc.
Current Parent Company:
AbbVie
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $28,000,000
Year: 2008
Date: September 9, 2008
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-Scandal:
Drug Pricing Abuses
Violation Description: falsification of wholesale drug price reporting
Level of Government: state
Action Type: agency action
Agency: Texas Attorney General
Civil or Criminal Case: civil
Facility State: Texas
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: Attorney General Abbott Reaches $28 Million Settlement with Abbott Labs, States News Service, September 9, 2008 (via Nexis).
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.