Timeline of DOJ versus Orthopedic Companies |

Timeline of DOJ versus Orthopedic Companies

 

 

 

 

 

Biomet

Zimmer

  • March 30, 2009 – expiration of DPA
  • Sept 27, 2007 – agreed to DPA for 18 months and agreed to pay a civil settlement amount of $169.5M

ArthroCare

  • 2016 – expiration of Deferred Prosecution Agreement
  • 2014 – enters into a 2-year Deferred Prosecution Agreement to resolve ongoing investigation regarding allegations of securities and related fraud committed under a previous management team
  • 2008 – securities fraud exposed

OrthoFix

  • Feb 8 2017, – settles with the DOJ for $14M
  • June 8, 2012 – agreed to pay DOJ  $34,234,263 to settle allegations under the civil False Claims Act relating to the company’s sale of bone growth stimulator devices
  • June 8, 2012 – agreed to plead guilty to a felony of obstruction of a federal audit, and to pay a $7,765,737 criminal fine
  • Whistleblower, Jeffrey Bierman,  will receive $9,243,251 – a 27% share of the civil recovery of $34.23 million False Claims Act settlement.
  • 2003 – Jeffrey Bierman, a Midwest health care consultant, files a whistleblower lawsuit  that the company defrauded the federal Medicare program

Stryker

  • June 6, 2012 – Stryker offers the DOJ a $33M settlement to close the books on a probe of illegal marketing of its OtisKnee implants
  • March 30, 2009 – expiration of DPA
  • Sept 27, 2007 – agreed to a Deferred non-Prosecution Agreement for 18 months and avoided any penalties

Wright Medical

  • Sept 29, 2015 – expiration of Corporate Integrity Agreement
  • Sept 29, 2012 – expiration of DPA
  • 2011 – CEO resigned, CTO fired with cause, General Council and other executives fired
  • May 5, 2011 – the Office notified Wright that it had received information that Wright had knowingly and willfully breached material provisions of the DPA
  • Sept 29, 2010 – agreed to DPA for 12 months and agreed to pay a civil settlement amount of $7.9M

Exactech

  • December 2015 – expiration of Corporate Integrity Agreement
  • March 8, 2012 – expiration of DPA
  • Dec 7, 2011 – extends DPA by 3 months
  • March 21, 2011 – Douglas Donofrio, a former Exactech sales director for Exactech lands five years’ probation and $56,000 in fines after pleading guilty to a kickbacks scheme with orthopedic surgeons.
  • Dec 2, 2010 – agreed to DPA for 12 months and agreed to pay a civil settlement amount of $3.0M

Smith & Nephew

  • March 2012 – agreed to hire a second monitor
  • March 30, 2009 – expiration of DPA
  • Sept 27, 2007 – agreed to DPA for 18 months and agreed to pay a civil settlement amount of $28.9M

J&J DePuy

  • March 30, 2009 – expiration of DPA
  • Sept 27, 2007 – agreed to DPA for 18 months and agreed to pay a civil settlement amount of $84.7M

Baxano / TranS1

  • July 3, 2013 – agrees to pay $6M fine (plus accrued interest of 2%) to DOJ, admits no wrongdoing
  • Oct, 2011 – received subpoena

NuVasive

DJO Global

 

2 responses to Timeline of DOJ versus Orthopedic Companies

  1. Walter May 13th, 2013 at 9:00 am

    I really like what you guys are up too. This kind of clever work and exposure!
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        Reply

  2. Your dashboard for the Zimmer-Biomet merger | OrthoStreams July 4th, 2015 at 10:02 am

    […] Timeline of DOJ versus Orthopedic Companies […]

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