Tennessee Federal Court Case Against Medtronic May Settle for 40 Million.
An update on a long running federal court case here in Tennessee.
MarketWatch reports that Medtronic Inc., the well-known medical products manufacturer based out of Minneapolis, has agreed to pay $40 million to settle two federal false-claims cases pending in the Western District of Tennessee. The cases centered around allegations that Medtronic paid kickbacks to physicians in exchange for using Medtronic's spinal products. The first civil suit was initiated in 2002 by an internal whistleblower who turned over the information to the government. The second lawsuit was filed more recently in 2004.