GlaxoSmithKline Agrees to $3B Fraud Settlement

Discussion in 'Law and Justice System' started by Wry Catcher, Jul 2, 2012.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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    July 2, 2012

    Updated 1:42 p.m.

    A team from Covington & Burling in Washington represented the pharmaceutical giant GlaxoSmithKline LLC in a record-setting $3 billion criminal and civil settlement over drug misbranding.

    Deputy Attorney General James Cole announced the deal today at the U.S. Justice Department, calling it "unprecedented in both size and scope." No executive was charged today. See Link below for full story.


    The BLT: The Blog of Legal Times

    From the link:

    GlaxoSmithKline agreed to plead guilty to criminal charges in U.S. District Court for the District of Massachusetts and to pay $1 billion in criminal fines and forfeitures for the illegal marketing and promotion of the drugs Paxil and Wellbutrin.

    Officials said the company between 1998 and 2003 unlawfully promoted Paxil for treating depression in patients under the age of 18. The Food and Drug Administration has not approved that use of the drug, DOJ officials said. The officials said GlaxoSmithKline illegally promoted Wellbutrin for uses that included weight loss, substance abuse and sexual dysfunction.



    Any wonder why the GOP wants to reduce/eliminate regulations?
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Never hear the republican, or libertarian for that matter, call for ending laws against fraud.

    [​IMG]
     
  3. Political Junky
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    Political Junky Gold Member

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    If corporations are people, why isn't any individual going to jail? Corporations pay a fine, period.
     
  4. Wry Catcher
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    Wry Catcher Platinum Member

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    Again, a glib comment with no evidence of any critical thought. How can fraud be discovered unless there are regulators to investigate? Or are you of the set which believes food and drug companies should police themselves, because as their 'logic' suggests, a company that poisons people will go out of business?
     
  5. signelect
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    signelect BANNED

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    Why is no one going to jail? If I had do it, get ready for the big time in Huntsville. Corporatins due it, it is woops I am sorry, let me send some of my inventors money to you and we will let by gones be by gones. Did mention that as your CEO I need a raise if you want to keep me; It happens all the time.
     
  6. Oddball
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    Wow....Nice straw man, Danny Vermin.

    That aside, I defy you to name one republican or libertarian who is in favor of not investigating and prosecuting fraud.

    Just one.
     
  7. Wry Catcher
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    Wry Catcher Platinum Member

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    Nice try again. Never did I say anyone was not in favor of investigating and prosecuting fraud. I wrote the Tea Party, and their favorite Michelle Bachmann was in favor of eliminating regulatory agencies, i.e. FDA, USDA and allowing the industry to self police.

    Your really cannot be honest.
     
    Last edited: Jul 2, 2012
  8. Trajan
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    Trajan conscientia mille testes

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    I think its a crime that no one went to jail for the housing bubble....


    so your point is.........what?
     
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  9. Wry Catcher
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    Wry Catcher Platinum Member

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    I agree. Failure to regulate created the opportunity for predators to lie, cheat and sell worthless derivatives.
     
  10. Wry Catcher
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    Wry Catcher Platinum Member

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    From the link:

    DOJ officials said the company will pay an additional $2 billion to resolve civil allegations under the False Claims Act. The claims include allegations company officials paid kickbacks to doctors to prescribe certain drugs, including Paxil, Wellbutrin and Advair.

    My point is why didn't the doctors who accepted bribes suffer criminal and civil penalties. Should they be allowed to continue to practice medicine? I believe their license should be revoked.
     

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