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.
Business
Judge’s Ruling Paves Way for Mobile Home Wrongful Eviction Suit
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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.
Business
Former Manager of Funds Tied to Kentucky Pension System Investments Pleads Guilty to Theft
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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.
Business
Kentucky Joins Healthcare Fraud Lawsuit Against Cincinnati’s Omnicare Inc.
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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.