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Unethical Business
This is a settlement for the Commercial lawsuit.
Newark, NJ: (Sep-27-07) The US Justice Department brought charges against Zimmer Holdings Inc., following the US Attorney's Office in New Jersey's investigation into the company's financial relationships with consulting orthopedic surgeons. As part of a settlement reached, the Warsaw, Ind., health products and services company agreed to pay a civil settlement of $169.5 million to resolve allegations. The company will be subject to oversight for 18 months by a federal monitor appointed by the Justice Department. Sources claimed that Zimmer didn't admit any wrongdoing, plead guilty to any criminal charges or pay any criminal fines as part of the settlement. In return, the government agreed not to pursue any criminal charges against the company if it complies with the agreement. As part of the federal settlement, the company is also entering into a five-year corporate integrity agreement with the Department of Health and Human Services' Office of the Inspector General.
[MARKET WATCH: UNETHICAL BUSINESS]
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