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This site provides news and information about the False Claims Act qui tam whistleblower law, the Tax Whistleblower law and the Securities and Commodities Whistleblower law. On this site you can learn the basics of each law and the process of bringing a case as well as read about the latest developments.

Getnick & Getnick LLP is a Manhattan-based law firm dedicated to business integrity and anti-fraud cases. Our whistleblower cases have resulted in recoveries of over a billion dollars for U.S. taxpayers.
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Sunday, September 30, 2007

Medical Implant Device Manufacturers Settle Federal Investigation

Four manufacturers of medical implant devices have reached a $311 million settlement with the federal government to settle allegations of offering kickbacks to surgeons using their products.

The four companies allegedly used consulting agreements with orthopedic surgeons as inducements to use a particular company’s artificial hip and knee reconstruction and replacement products.  Surgeons who had such agreements were typically paid tens to hundreds of thousands of dollars per year, and were also enticed with other perks such as trips.

A fifth company that was implicated in the lawsuit was offered a Non-Prosecution Agreement (NPA) for their voluntary cooperation in the investigation.

The companies named in the settlement were Zimmer, Inc.; Depuy Orthopaedics, Inc.; Smith & Nephew Inc.; and Biomet Orthopedics, Inc.

Click here to read the Department of Justice press release Five Companies in Hip and Knee Replacement Industry Avoid Prosecution by Agreeing to Compliance Rules and Monitoring.

Posted by Quitam Help Admin on 09/30 at 06:23 PM
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