May 3, 2004 Schering Corporation

Schering Corporation, Schering Plough Corporation and Warrick Pharmaceuticals Corporation have agreed to pay $27 Million Dollars to settle allegations of health care fraud. The settlement resolves allegations that Warrick submitted false pricing information and caused medical providers to submit fraudulently inflated reimbursement claims to the federally funded Texas Medicaid program.

See U.S. Dept of Justice Press Release 5/3/04

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