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home / news releases / LH - LabCorp to pay feds $2.1M to settle False Claims Act allegations

LH - LabCorp to pay feds $2.1M to settle False Claims Act allegations

Laboratory Corporation of America Holdings

2023-03-27 11:40:57 ET

  • LabCorp ( NYSE: LH ) has agreed to pay $2.1M to settle allegations from the US Department of Justice that it overbilled the Defense Department for genetic tests conducted by GeneDx.
  • The settlement is not an admission of liability, LabCorp said, Bloomberg reported.
  • Also, the settlement is not an indication that the government's allegations are not well founded.
  • Read why Seeking Alpha contributor Gen Alpha rates LabCorp ( LH ) a buy.

For further details see:

LabCorp to pay feds $2.1M to settle False Claims Act allegations
Stock Information
Company Name: Laboratory Corporation of America Holdings
Stock Symbol: LH
Market: NYSE
Website: labcorp.com
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