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Hip and Knee Implant Makers to Pay $311M to Avoid Kickback Prosecution
Four major makers of hip and knee replacement devices have agreed to pay $311 million in fines to avoid prosecution for allegedly giving financial inducements to doctors who used their products. The deferred prosecution agreement imposes a five-year compliance period and subjects the companies to 18 months' federal monitoring. Another company elected to be monitored but refused to enter into a civil settlement. The five companies represent about 95 percent of the hip and knee replacement device market.NYLJ 100: Largest Private Law Offices in New York State
Cite as: Bronx Household v. Board of Education, 07-5291-cv, NYLJ 1202496053907, at *1 (App. Div., 2 Cir., Decided June 2, 2011)Before: Walker, Leval, and Calabr
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