Mylan Settles Medicaid Rebate Dispute For $121 Million
20 October 2009 - 5:32AM
Dow Jones News
Mylan Inc. (MYL) said Monday it settled a dispute with the
Department of Justice for $121 million over how it classified
certain Medicaid rebates.
Mylan said the settlement not only resolves the dispute but
includes no admission or finding of any wrongdoing. The maker of
generic drugs said that it will take a one-time charge of $83
million in the quarter ended Sept. 30.
-By Wallace Witkowski, 415-439-6400;
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