litigation
confidence high
sentiment neutral
materiality 0.70
Myriad Genetics settles Vectra test qui tam case for $48M ($45.25M to govt, $2.75M to relator)
MYRIAD GENETICS INC
- Total settlement of $48 million: $45.25M to United States and California, $2.75M to Relator's counsel.
- No admission of liability; company expressly denies allegations in the lawsuit.
- DOJ and State of California declined to intervene after investigation.
- Lawsuit dismissed with prejudice as to Relator and California; federal claims dismissed without prejudice.
- Settlement resolves claims concerning Crescendo's former Vectra test dating back to 2010.