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DaVita Agrees to $55 Million Settlement

DaVita Inc. (DVA) agreed to pay roughly $55 million in a settlement of a lawsuit filed by an individual in 2002 related to the anemia drug Epogen. The dialysis-service provider said the agreement, which also includes the payment of attorneys fees, contains no findings of wrongdoing or admission of liability by the company. "DaVita and its affiliated physicians did nothing wrong and stand by their anemia management practices," the company said. In a previous SEC filing, the company identified the individual as Ivey Woodard and said it was served with a complaint under the qui tam provisions of the federal False Claims Act. DaVita also said the government investigated allegations raised by the individual; however, it chose not to file claims against DaVita. DaVita's shares closed at $97.62 on Monday and were inactive premarket. The stock is up 29% year-to-date. Write to Saabira Chaudhuri at [email protected]

Stock News for Davita (DVA)
DateTimeHeadline
03/23/201711:45:00IMPORTANT INVESTOR ALERT: JFJN LAW Announces Securities Class...
03/22/201706:13:00DaVita Shares Online Kidney Diet Resources for National Nutrition...
03/21/201706:13:00DaVita Teammate Awarded Medal of Excellence from American Association...
03/20/201712:35:00DaVita's Chief Medical Officer Honored by Renal Physicians Association
03/16/201713:28:00IMPORTANT INVESTOR ALERT: JFJN LAW Announces Securities Class...
03/09/201709:00:00Honor World Kidney Day with DaVita
03/09/201708:13:00Honor World Kidney Day with DaVita
03/09/201707:03:00Honor World Kidney Day with DaVita
03/09/201706:13:00Honor World Kidney Day with DaVita
03/09/201706:00:00Honor World Kidney Day with DaVita
03/08/201706:13:00DaVita Kidney Care Welcomes Dr. Francesca Tentori to Physician...
03/07/201715:15:00DaVita Celebrates 10 Consecutive Years Among FORTUNE® Magazine's...
03/01/201706:01:00Connect with Your Kidneys: DaVita Kicks Off National Kidney Month
02/28/201716:37:00The Everett Clinic to Acquire Totem Lake Family Medicine
02/28/201706:13:00Dr. Adam Weinstein Joins DaVita Kidney Care Physician Leadership...
02/27/201718:17:44Statement of Changes in Beneficial Ownership (4)
02/24/201716:37:50Annual Report (10-k)
02/23/201717:27:12Statement of Changes in Beneficial Ownership (4)
02/23/201717:21:39Initial Statement of Beneficial Ownership (3)
02/23/201706:03:00DaVita Appoints Chief Medical Officer for Integrated Kidney Care

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