Merck Settles Mass. Lawsuit For $24M
The giant pharmaceutical company Merck has agreed to pay the state $24 million to settle a lawsuit.
Attorney General Martha Coakley sued Merck and 12 other drug companies on grounds that they had defrauded Medicaid by reporting inflated prices.
The other companies all settled before the case went to court. Merck went to court and lost last year.
The attorney general's office says this $24 million is the largest payment for a single Medicaid fraud case in state history.
This program aired on December 20, 2011. The audio for this program is not available.