GlaxoSmithKline was slapped with a $3 billion fine Monday by the U.S. Justice Department after failing to report safety data on some of the company’s most popular drugs.
The payment — with $1 billion going to settle criminal wrongdoing, and $2 billion to cover civil liabilities — is the largest fraud settlement in U.S. history, and the largest payment ever by a drug company.
Read the Full Article Here: http://money.cnn.com/2012/07/02/news/companies/GlaxoSmithKline-settlement/index.htm?hpt=hp_t2
