Valeant Kickback Scheme Officials’ Forfeitures Cut by Millions

Two former drug-industry executives failed to shake off their convictions for an alleged kickback scheme involving Valeant Pharmaceuticals International Inc.'s acquisition of a startup mail-order pharmacy, in a ruling by the Second Circuit.

But the trial court erred in ordering the defendants to forfeit more than their criminal proceeds and will also need to recalculate the restitution order, the U.S. Court of Appeals for the Second Circuit said Oct. 31.

Gary Tanner, a former Valeant official, and Andrew Davenport, the ex-chief executive officer of Philidor Rx Services LLC were each sentenced to one year in prison in October 2018 after ...