Kentucky Center for Investigative Reporting (https://kycir.org/category/business/page/2/)
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.
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.
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.
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.
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.
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.
A Jefferson County Judge has refused to toss out a civil suit alleging the corporate owner of 17 Kentucky mobile home parks illegally evicted residents. One of the company’s owners is campaign chairman for gubernatorial candidate Jack Conway, the Attorney General.
The former manager of a New York investment fund holding $24 million for Kentucky Retirement Systems has pleaded guilty to charges that he looted $9.3 million from the fund and falsified its financial records.
Kentucky has joined a multi-state and federal fraud lawsuit against Cincinnati-based Omnicare Inc., alleging that the company billed the state’s Medicaid program almost $6 billion over nine years for drugs that were given to nursing home patients for uses not approved by the Food and Drug Administration.
Louisville-based PharMerica Corp., the nation’s second-largest operator of institutional pharmacies, has agreed to settle two federal healthcare fraud lawsuits, court records show.