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Valeant Coughs Up $54 Million to Settle Kickback, Fraud Allegations

June 16, 2016

Valeant will pony up at least $54 million to settle Justice Department allegations that one of its subsidiaries paid kickbacks to convince physicians to prescribe more of its products.

Under the deal, Valeant will shell out $46.53 million to the federal government and earmark another $7.47 million to resolve state claims against subsidiary Salix Pharmaceuticals.

The Justice Department is contending that the company violated the federal Anti-Kickback Statute and False Claims Act by disguising payments to physicians as speaker programs between January 2009 and December 2013. Valeant purchased the company a year and a half later.

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