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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 saabira.chaudhuri@dowjones.com

Stock News for Davita (DVA)
DateTimeHeadline
05/26/201618:19:38Statement of Changes in Beneficial Ownership (4)
05/24/201619:19:15Statement of Changes in Beneficial Ownership (4)
05/24/201619:16:46Statement of Changes in Beneficial Ownership (4)
05/24/201606:13:00DaVita Kidney Care Releases Free Kidney-Friendly Cookbook
05/19/201617:21:50Statement of Changes in Beneficial Ownership (4)
05/19/201617:20:31Statement of Changes in Beneficial Ownership (4)
05/19/201611:41:00DaVita, Northwell Health Announce Joint Venture to Deliver Full...
05/19/201609:16:00DaVita Announces Agreement to Acquire a Prominent Medical Group...
05/18/201617:23:32Current Report Filing (8-k)
05/17/201618:54:40Statement of Changes in Beneficial Ownership (4)
05/17/201618:52:49Statement of Changes in Beneficial Ownership (4)
05/17/201618:51:15Statement of Changes in Beneficial Ownership (4)
05/17/201618:45:04Statement of Changes in Beneficial Ownership (4)
05/17/201618:42:15Statement of Changes in Beneficial Ownership (4)
05/17/201618:35:57Statement of Changes in Beneficial Ownership (4)
05/17/201618:30:21Statement of Changes in Beneficial Ownership (4)
05/13/201618:04:03Statement of Changes in Beneficial Ownership (4)
05/12/201606:13:00DaVita HealthCare Partners Certified as Freedom-Centered Workplace...
05/11/201618:37:13Statement of Changes in Beneficial Ownership (4)
05/11/201613:54:37Amended Statement of Changes in Beneficial Ownership (4/a)

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