Merck in $2.3 billion tax settlement with IRS
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Merck & Co Inc.  said on Wednesday it agreed to settle tax disputes with the U.S. Internal Revenue Service at a net cash cost of about $2.3 billion.
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The nation's third-largest operator of kidney-dialysis clinics has agreed to pay the government &#36;350 million to settle allegations it defrauded Medicare.
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Merck, the US pharmaceutical giant forced to withdraw its Vioxx painkiller last year, has seen a drop in profits and had to add to its legal reserves.
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EuropeÂs biggest drug maker, said that it would pay $3.1 billion to settle a tax dispute with the United States government.
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ST. LOUIS -- The nation&#39;s third-largest operator of kidney-dialysis clinics has agreed to pay the government $350 million to settle allegations it defrauded Medicare.
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A New Jersey jury on Monday ordered  Merck & Co.  to pay $27.5 million in punitive damages  after finding that the drugmaker was willful and reckless in  promoting arthritis medicine Vioxx, which has since been  withdrawn.
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WASHINGTON -- Drug giant GlaxoSmithKline agreed to pay $3.4 billion in the largest tax settlement in IRS history, resolving a dispute from the 1980s over the multinational company's U S profits.
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Merck posted a $1.63 billion fourth-quarter loss on Wednesday as charges for its Vioxx litigation settlement dragged down results and share prices.
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Merck agreed yesterday to pay more than $650 million to settle charges that it routinely overbilled the government for its most popular medicines, the arthritis drug Vioxx and the cholesterol drug Zocor, cheating Medicaid out of millions of dollars in discounts over eight years.
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Merck & Co  on Monday said its third-quarter profit rose sharply, helped by sales of its vaccines and cholesterol drugs, and raised its 2007 profit forecast in view of strong current trends.
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Merck and Co  on Wednesday  reported a fourth-quarter loss due to charges related to a  costly settlement related to its withdrawn Vioxx arthritis  drug, but results soundly beat Wall Street expectations.
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HealthSouth Corp. (HLSH.PK: Quote, Profile, Research) , a health-care company that is trying to emerge from an accounting scandal, said on Thursday it agreed to settle for $325 million
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British pharmaceutical group GlaxoSmithKline said it had settled a tax dispute with the US government at a cost of about 3.1 billion dollars (2.44 billion euros) to GSK.
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The deal will settle claims that Merck overcharged Medicaid programs for four drugs, including Vioxx and Zocor, and resolve allegations of improper marketing to doctors.
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UnitedHealthcare Insurance Co., a branch of UnitedHealth Group, will pay $3.5 million to settle charges that it defrauded the Medicare program, the US Department of Justice announced Monday.
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HARLINGEN, Texas -- Attorneys for Merck &amp; Co. want to see bank and cellphone records that could show the extent of a juror's financial relationship with a plaintiff who won a $32 million verdict against the drug company in the death of a 71-year-old man who took Vioxx.
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More than 3,000 former users of Merck & Co's  withdrawn Vioxx pain drug have already signed up to take part in a $4.85 billion settlement deal that a federal judge said on Friday was in the best interests of both sides.