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Siemens (SI) Slips VA Fraud Lawsuit


1/16/2014 7:31:58 AM

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A federal judge tosses a whistleblower lawsuit accusing Siemens of overcharging the U.S. Veterans Affairs Dept. for ultrasound and magnetic resonance imaging devices. Siemens (NYSE:SI) slipped a whistleblower lawsuit alleging that it overcharged the U.S. Veterans Affairs Dept. for ultrasound and magnetic resonance imaging devices. William Thomas, an ex-manager with Siemens Medical USA who oversaw its contracts with group purchasing organizations, filed the suit in 2009, alleging that Siemens failed to include discounts given to other customers when it bid for the VA contract, according to court documents.

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