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Stock Market & Financial Investment News

News For SHLD;PENN;DVAX;DELL From The Last 14 Days
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September 1, 2015
17:41 EDTSHLDKmart pays $1.4M to settle claims of illegal Medicare inducements
The Department of Justice announced that Kmart, a subsidiary of Sears Holdings, has paid the United States $1.4M to resolve allegations that it violated the false claims act by using drug manufacturer coupons and gasoline discounts as improper Medicare beneficiary inducements. "The United States will continue to pursue retail pharmacies that improperly attempt to influence a beneficiary's choice of pharmacy," said the Justice Department's Civil Division chief Benjamin Mizer. The government alleged that from June 2011 to June 2014, Kmart knowingly and improperly influenced the decisions of Medicare beneficiaries to bring their prescriptions to Kmart pharmacies by permitting them to use drug manufacturer coupons to reduce prescription co-pays that they otherwise would be obligated to pay. The government also alleged that Kmart's conduct caused the Medicare beneficiaries to seek expensive, brand name drugs in lieu of cheaper generic drugs. The government additionally claimed that Kmart improperly encouraged Medicare beneficiaries to bring their prescriptions to Kmart pharmacies by offering them varying levels of discounts on the purchase of gasoline based on the number of prescriptions filled at Kmart pharmacies. "The claims settled by today's agreement are allegations only and there has been no determination of liability," cautioned the Department. Reference Link
August 31, 2015
09:09 EDTSHLDMP Associates to hold a conference
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August 28, 2015
09:34 EDTPENNNevada reports July statewide gaming win down 0.96% to $922.89M
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August 25, 2015
06:18 EDTSHLDSears names Lynn Pendergrass as Hardlines president
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