On July 20, Biogen Inc. agreed to pay $900 million to settle claims the company violated the False Claims Act by allegedly paying improper consulting and speaker fees and providing lavish meals and entertainment to medical providers to induce them
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Pharmaceutical Manufacturer Agrees to $900 Million Dollar False Claims Act Settlement to Resolve Kickback Claims
On July 20th, on the eve of trial, Biogen Inc. agreed to pay $900 million dollars to settle claims that the company violated the False Claims Act (FCA) by allegedly paying improper consulting and speaker fees and providing lavish meals…
Bow River Closes Third Private Equity Fund With $590 Million
Bow River Capital Partners has announced it has closed its third private equity fund at $590 million.
The fund was oversubscribed, exceeding its target of $500 million.
The new fund will continue the firm’s strategy of investing in middle market…
Healthcare & Life Sciences Private Equity Deal Tracker: Carlyle Acquires Abingworth
By Amber Walsh
Carlyle has acquired Abingworth, according to a news release.
Abingworth, with U.S. offices in Boston and Menlo Park, Calif., is a transatlantic life sciences investment firm. Founded in 1973, the firm reports approximately $2 billion in assets under…
Healthcare & Life Sciences Private Equity Deal Tracker: Performant Acquires Two Healthcare-Focused Technology Companies
Eleventh Circuit Vacates Class Certification and Settlement Based on Lack of Standing for Class Members
In Drazen v. Pinto, –F.4th–, 2022 WL 2963470 (July 27, 2022), the Eleventh Circuit vacated a district court’s decision to certify a class under Rule 23 and approve the class settlement because the class included members who lacked Article III…
Update on Case Law Developments for BIPA Damages and Insurance Recovery for BIPA Claims
In May 2022, the Illinois Supreme Court heard oral arguments in Cothron v. White Castle System, Inc. — a case that will have a substantial impact on the liability for violating the Illinois Biometric Information Privacy Act (“BIPA”). BIPA is…
Healthcare & Life Sciences Private Equity Deal Tracker: WindRose Invests in BPD
Healthcare & Life Sciences Private Equity Deal Tracker: Linden Acquires Aspiron From Aquiline
By Amber Walsh
Linden Capital Partners has completed its acquisition of Aspirion from Aquiline Capital Partners, according to a news release.
Aspirion, based in Columbus, Ga., is a full-service revenue cycle management company. Founded in 2006, the company specializes in motor…
U.S. Senate Introduces the Inflation Reduction Act
On July 27, 2022, U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.V.) introduced the Inflation Reduction Act of 2022, which proposes new and revised tax incentives for clean energy. The bill incorporates many, but not all,…