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Affymax, Inc. (AFFY) Message Board

  • maxdad01 maxdad01 Jul 20, 2013 8:20 AM Flag

    More Fresenius STUFF...defrauded the government case

    Law360, New York (July 18, 2013, 6:26 PM ET) -- A Massachusetts federal judge on Thursday denied the U.S.' bid to overturn a jury verdict allowing Fresenius Medical Care Holdings Inc. to deduct from its taxes $95 million of a total $385 million it paid to settle civil allegations that it defrauded government health care programs.

    U.S. District Judge Douglas P. Woodlock rejected the government's argument that the money was not deductible because Fresenius had conceded that no part of the settlement resolving civil False Claims Act violations was apportioned to compensatory damages in the settlement...

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AFFY
0.127-0.0035(-2.68%)Dec 19 3:29 PMEST

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