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From Reuters "Smith & Nephew to pay $11 million in whistleblower suit"
London-based medical device maker Smith & Nephew PLC has agreed to pay $11.3 million (6.9 million pounds) to settle allegations that it sold the U.S. government devices it claimed were U.S.-made but actually came from Malaysia.
The settlement was filed Wednesday in Tennessee federal court, ending a whistleblower lawsuit brought in 2008 by a former Smith & Nephew information technology manager.
It was claimed that Smith & Nephew violated the federal Trade Agreements Act, which requires contractors to sell the government products made either in the United States or in countries it has signed agreements with. In 2007 and 2008, Smith & Nephew sold the Department of Veterans Affairs orthopaedic devices that it had bought from Malaysia-based Straits Orthopaedics while claiming they were made in the United States, according to the lawsuit. Malaysia does not have a trade agreement with the United States. Read more here.
Last modified: Tue, 30 Sep 2014 14:36:31 BST