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Business & Lifestyle

Mylan finalizes $465 million settlement over EpiPen billing lawsuit

WASHINGTON (UPI) -- Mylan, the drug company that manufactures the anti-allergy injector EpiPen, finalized a $465 million settlement with the federal government stemming from allegations it over-billed Medicaid for the drug. The Justice Department alleged Mylan violated the False Claims Act by knowingly listing the EpiPen as a generic drug, which is subject to lower rebates under federal law, despite the fact there is no equivalent competitor to lower the price. In order to prevent states from suffering price gouging by […]

todayAugust 17, 2017 9

Business & Lifestyle

Wells Fargo to pay $142M in class-action settlement of fake accounts

Allen Cone United Press International SAN FRANCISCO (UPI) -- A federal judge has approved a plan for Wells Fargo & Co. to pay $142 million in a class action suit involving customers of fake accounts. U.S. District Vince Chhabria ruled on Saturday in San Francisco the settlement was "fair, reasonable and adequate." Last year, Wells Fargo admitted that 2 million potentially unauthorized checking and credit card accounts were opened between 2011 and 2015. In September, federal Consumer Financial Protection Bureau fined the banking giant $185 […]

todayJuly 10, 2017 3

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