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Kickback Trial

Discussion in 'Novartis' started by Michael Cohen's Ghost, Apr 2, 2019 at 3:46 PM.

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  1. anonymous

    anonymous Guest

    I would also like to know this
     

  2. anonymous

    anonymous Guest

    This is all we know from the court docket. The trial never occurred. We probably can assume a settlement happened. Nothing has been announced
     
  3. anonymous

    anonymous Guest

    What is this court docket you keep referring to where are you accessing this information?
     
  4. anonymous

    anonymous Guest


    All court information for higher level courts is listed on a website called Pacer. Novartis has many many cases so you need to find this specific case. It will list all court entries from 2011 to last week. or you could just google "bilotta" Novartis. Bilotta is the Relator in this case. Scroll down to a website called courtlistener Search in decending order. This lists the same information as Pacer but only 1 case at a time.
     
  5. anonymous

    anonymous Guest

    Any update?
     
  6. anonymous

    anonymous Guest

    Trial still on going they're parading the reps and doctors around like circus animals on the stand its a spectacle
     
  7. anonymous

    anonymous Guest

    Do you think they will be found guilty?
     
  8. anonymous

    anonymous Guest

    The trial never occurred. There is probably a settlement so they will not be found guilty by a jury.
     
  9. anonymous

    anonymous Guest

    How do you know this
     
  10. anonymous

    anonymous Guest

    We can only look at the court docket since no announcement was made. On May 20th (the day the trial was to start) was adjourned by the Judge Sine Die. Look at the previous posts on this link to find out how to view this. That is all the outsiders know at this time.
     
  11. anonymous

    anonymous Guest

    Any update?
     
  12. anonymous

    anonymous Guest

    Yes, go get a real job you lazy tool :rolleyes:
     
  13. anonymous

    anonymous Guest

    In exchange for fancy dinners, fishing trips and other entertainment, Novartis was basically buying prescriptions for its cardiovascular meds Lotrel and Valturna and diabetes drug Starlix, the suit claims. The company reportedly has been negotiating a settlement worth up to $1 billion, which would rank it among the biggest-ever marketing settlements in pharma.


    Tuesday, a letter filed in the court’s docket and then quickly removed said the two sides had made “significant progress” toward a settlement, Bloomberg reported. U.S. Attorney Geoffrey Berman intended for the letter to stay confidential as the talks are ongoing, but it was mistakenly posted publicly for a short time, the news service noted.

    The letter showed a settlement proposal has been submitted to the DOJ for expedited approval. Berman said the settlement will be “substantially complete” by June 18, and the parties have until Aug. 18 to finalize it.

    In a statement sent to FiercePharma, a Novartis spokesperson confirmed it's “engaged in settlement discussions with the Southern District of NY to resolve the ongoing Speaker Program litigation” but declined to comment further.
     
  14. WOW !!!!!

    WOW !!!!! Guest

    Novartis, aiming to clean up its rep, sets aside $700M for kickback settlement
    by Kyle Blankenship |
    Jul 18, 2019 9:26am
    [​IMG]
    Novartis has set aside $700 million for a possible settlement in a long-running kickback lawsuit with federal prosecutors. (Novartis)


    With nearly decade-old bribery charges hanging over its head, Novartis has been eager to wriggle out of U.S. prosecutors’ crosshairs. Now, a settlement in the case appears to be in the works—and it could cost Novartis close to a billion dollars.


    The Swiss drugmaker has set aside $700 million for a possible settlement in an eight-year-old whistleblower suit accusing the company of bribing U.S. physicians to boost subscriptions of the company’s drugs, including hypertension med Lotrel and diabetes drug Starlix.

    “Consistent with our efforts to resolve legacy compliance-related allegations, we are engaged in settlement discussions to resolve a civil suit challenging speaker programs and other promotional events conducted from 2002 through 2011,” Novartis spokesman Eric Althoff said in a statement.


    Wrapping up the long-running kickback suit could go a long way toward cleaning up Novartis’ tarnished reputation stateside and abroad, a serious initiative for CEO Vas Narasimhan since his elevation to the post in 2018.

    In mid-June, an accidental court filing from federal prosecutors said Novartis was making “significant progress” toward a settlement in the lawsuit, which accused the drugmaker of shelling out millions to doctors through sham educational events.

    Among some of the most eyepopping claims in the suit were Novartis sales execs treating doctors to $10,000 dinners at expensive New York seafood restaurants and wild nights out at Hooters. In one instance, Novartis held one of its speaker events aboard a fishing boat, allegedly without any educational material in tow.
     
  15. anonymous

    anonymous Guest

    Congratulations to Oswald Bilotta and his team of attorneys.
     
  16. anonymous

    anonymous Guest

    Novartis got off CHEAP they should have paid at least 2 billion :mad:
     
  17. anonymous

    anonymous Guest

    While Novartis is o robably happy that the fine is around $1B, ovartis is not happy that they will remake j under a CIA for another 3-5 years
     
  18. anonymous

    anonymous Guest

    Why don’t you leave? You dirtbag. This is the junk that is retained.
     
  19. anonymous

    anonymous Guest

    Why don’t you do your job instead of stalking? You creepy tool
     
  20. anonymous

    anonymous Guest

    Wow