The University of Louisville Foundation has been slapped with a negative outlook by one of the nation’s major debt rating services.
Business
Louisville-based PharMerica Settles Fraud Lawsuit
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PharMerica Corp., the Louisville-based company and one of the nation’s biggest providers of drugs to nursing homes, closed out its 2015 by agreeing to write another large check to the government to settle a lawsuit accusing it of defrauding federal health care programs.
Business
Papa John’s CEO, Koch Foundation Expand Free Enterprise Program at UK
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The foundations of pizza magnate John Schnatter and businessman Charles Koch have donated a combined $12 million to create a “free enterprise” teaching institute at the University of Kentucky. The donation, one of the largest in UK history, is double what the two groups made earlier this year to set up a similar program at the University of Louisville.
Business
PharMerica Pays $9.25 Million to Settle Health Care Fraud Suit
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PharMerica Corp., the Jeffersontown-based supplier of drugs to nursing homes, has agreed to pay $9.25 million to settle civil claims that it took kickbacks to boost sales of an anti-seizure drug.
Business
State Worker Pension Plan Sees Much Lower Returns Than Others in Kentucky
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Already home to one of the most underfunded public pension plans in the nation, Kentucky Retirement Systems is losing further ground through its investment choices.
Business
Kentucky Pension Fees Much Higher Than Previously Reported
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Following media reports last year, Kentucky Retirement Systems promised more disclosure. Now, the pension plan for public employees is reporting its annual investment expenses are running 75 percent higher than reported in previous years.
Business
House Speaker to Propose Expanded Gambling Legislation, Casinos in Kentucky
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House Speaker Greg Stumbo has pledged to propose a constitutional amendment to allow as many as seven casinos to open in Kentucky. In announcing his proposal, Stumbo cited KyCIR’s examination of tax revenues from eight casinos just across state lines on the north bank of the Ohio River.
Business
PharMerica Reaches Settlement in Amgen Payoff Case
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PharMerica Corp. has reached a preliminary out-of-court settlement with Kentucky and 25 other states that accused the Jeffersontown-based company of accepting payoffs from Amgen Inc. for switching nursing home patients to an Amgen anemia drug.
Business
Papa John’s to Settle Claims it Underpaid Delivery Drivers
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Papa John’s International says it has agreed to pay $12.3 million to settle a class-action lawsuit accusing the company of underpaying mileage reimbursements to its pizza delivery drivers in six states.
Business
Pitfalls of Trench Work Reprised in Fatal Louisville Accident
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Thursday’s death of a 19-year-old construction worker in a trench cave-in in south Louisville serves as yet another reminder of the dangers of doing utility work in deep holes. See just how many workers are injured and killed each year.
Business
The Kickback, Fraud and Drug-Switch Claims That Ail a Louisville Pharmacy Company
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PharMerica Corp. has paid millions in fines to settle federal claims of defrauding Medicaid, dispensing painkillers without prescriptions and paying kickbacks to win nursing home business. Today it is disputing whistleblower claims that it took kickbacks from two drug companies to switch nursing home patients across the country to their brands.