Medtronic pays $75 million, settling whistleblower suit
Wednesday, May 28th, 2008Medtronic Spine LLC has agreed to a $75 million settlement on a whistleblower lawsuit which exposed the company’s sales and pricing strategy which defrauded Medicare while boosting profits.
The Federal government joined the qui tam lawsuit and details of the lawsuit were removed from confidentiality when Medtronic settled the suit which is a carry over from its acquisition of California-based Kyphon, makes of costly devices and bone cement used in spinal procedures.
Kyphon convinced

