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Stone & Magnanini LLP Announces $520,000 Department of Justice False Claims Act Settlement With Vascular Solutions, Inc.
Date:7/28/2014

ough VSI had attempted and failed to obtain FDA clearance, had conducted a clinical trial that failed to meet both safety and efficacy benchmarks and knew, deliberately ignored, or recklessly disregarded that Medicare and TRICARE programs did not cover such procedures.  VSI marketed and sold directly to health care providers throughout the United States the Vari-Lase Short Kit and laser consoles and related accessories, from June 2007 through January 2014.  VSI also allegedly made false marketing statements about the safety and effectiveness and paid illegal kickbacks to physicians to promote their products and caused health care providers to submit false claims.  The significance of this settlement is that because of Mr. Bui's integrity and bravery, the Government was able to recover multiples of damages of the amounts it paid for the products because of VSI's illegal marketing. 

Stone & Magnanini, which was recognized as one of the top ten boutique law firms in the country by the National Law Journal, represents whistleblowers in False Claims Act cases as well as cases filed under IRS, SEC and other whistleblower statutes.  The firm has assisted its clients and the government in recovering several billion dollars from health care companies including GlaxoSmithKline, McKesson, Inc., Forest Laboratories, Bristol-Myers Squibb, Cephalon and Medco.  The firm also just last year assisted the Government in a $2.2 billion settlement against Johnson & Johnson and Janssen Pharmaceuticals, Inc.  Stone & Magnanini's attorneys have been involved in the largest FCA cases and have assisted the Government in collecting over $6 billion and are currently fighting on behalf of whistleblowers everywhere in the litigating the case of the United States ex rel. Carter v. Halliburton, et al., a
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SOURCE Stone & Magnanini LLP
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