Our attorneys are investigating potential claims on behalf of investors of United Therapeutics Corporation (NASDAQ: UTHR) regarding possible securities law violations.
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If you purchased or otherwise acquired shares in United Therapeutics Corporation and would like to learn more about the investigation, contact us to speak with our securities attorneys.
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Share Price Drops on News of Potential DOJ Settlement
On July 27, 2017, the pulmonary arterial hypertension drug maker disclosed that it has set aside $210 million in connection to a possible settlement with the U.S. Department of Justice concerning alleged violations of the federal False Claims Act and anti-kickback laws.
The DOJ previously subpoenaed United Therapeutics’ for information about its contributions to non-profit organizations that provide financial assistance to patients with out-of-pocket drug costs.
The company stated that it expects any settlement would also include a corporate integrity agreement, and the company may incur significant future costs to comply with that agreement.
On this news, United Therapeutics’ share price fell $6.30, or 4.79%, to close at $125.10 on July 27, 2017.
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