Federal court OKs $1.5B Abbott Labs settlement
ABINGDON, Va. -- A federal court in Virginia has approved a $1.5 billion settlement of a case involving Abbott Laboratories' promotion of the anti-seizure drug Depakote.
Virginia Attorney General Ken Cuccinelli says the settlement includes a criminal fine and forfeiture of $700 million, and settlements with the federal government and states totaling $800 million. Virginia will receive $4.2 million from the civil settlement.
Abbott pleaded guilty in May and agreed to pay $1.5 billion to resolve allegations that it promoted Depakote for uses that weren't approved by the Food and Drug Administration.
The settlement was approved Tuesday in U.S. District Court in Abington.
ABINGDON, Va.-- A federal court in Virginia has approved a $1.5 billion settlement of a case involving Abbott Laboratories' promotion of the anti-seizure drug Depakote.