Quest, Lab Corp. Fall After Fraud Whistle-Blower Interview
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Quest Diagnostics Inc. and Laboratory Corporation of America Holdings fell after a man who accused the companies of Medicare fraud in lawsuits explained his allegations to a trade publication.
The Dark Report, a newsletter published by R. Lewis Dark, includes an interview in the Feb. 20 issue with Andrew Baker, a former lab company executive who filed whistle-blower lawsuits against Quest in 2005 and LabCorp in 2007. Baker claims the companies used a sales tactic called “pull-through” that has drawn scrutiny from congressional investigators.