St. Jude Medical to pay $3.7 million to settle federal kickbacks beef

June 4, 2010 by MassDevice staff

St. Jude Medical Inc. and a pair of hospitals in Ohio and Kentucky agree to pony up a total of $4 million to settle a federal kickbacks case.

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St. Jude Medical Inc. (NYSE:STJ) and a pair of hospitals in the Midwest agreed to pony up $4 million to settle a federal lawsuit accusing the device maker of providing illegal rebates to the healthcare providers.

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