It appears that Texas Office of the Attorney General (OAG) forgot to sue Xerox to recover over $133 million that the federal government determined it was owed because of the state’s lack of oversight over Xerox, its then-Medicaid claims administrator, which mishandled the state’s orthodontic prior authorization process from 2008-2011. Revealed in recent court filing by … [Read more...]
Analyst Predicts Xerox/Conduent to Pay $500 Million to Texas to Settle Medicaid Fraud Lawsuit – Share Price Drops
UPDATE: Conduent Share Price Drops 13% Over The Last Few Days - The stock market has apparently reacted harshly to the recent Seeking Alpha analysis on the underappreciation of the $2 billion Texas Medicaid fraud lawsuit against Xerox/Conduent. The stock price of the company is now sitting at $17.69, June 28, a 13% drop from its 52-week high on June 15 of $20.15. Check … [Read more...]
Xerox Can’t Blame Doctors In $1B Texas Medicaid Fraud Row
Law360 (June 22, 2018, 10:09 AM EDT) -- Xerox Corp. can’t try to share the blame for what Texas alleges is a $1 billion civil Medicaid fraud with orthodontists who allegedly provided unnecessary services to poor children, the Texas Supreme Court held Friday. The high court held Xerox and its claims processor subsidiary, Xerox State Healthcare LLC — which has since been spun … [Read more...]
$2 Billion Texas Lawsuit Will Empty Conduent’s ‘Benefit Wallet’
$2 billion Texas Medicaid lawsuit against Conduent going to jury in November and is NOT priced in; similar recent lawsuits suggest Conduent likely to settle for ~$500M+. Conduent (CNDT) is a low-quality, low-moat business process outsourcing company that has captured the imagination of event-driven investors since its spin from Xerox (NYSE:XRX) in January 2017. In many ways, … [Read more...]
Ken Paxton Rolls Out Lawsuit to Kill the Affordable Care Act, Gets Endorsed by Trump
Texas Attorney General Ken Paxton, who is under indictment for several felonies, had a grand time in Washington on Tuesday, convening with several of his fellow Republican attorneys general to roll out their plan to kill the Affordable Care Act and picking up a primary endorsement from President Donald Trump. Source: Ken Paxton Rolls Out Lawsuit to Kill the Affordable Care … [Read more...]
Paxton ‘family friend’ a big donor for GOP candidates
AUSTIN - Attorney General Ken Paxton says the man who shelled out the most money to help him combat securities fraud charges is a "family friend," but a review of campaign finance records show his main financier is also a major Republican donor for candidates up and down the ticket. In a little more than a decade, Preferred Imaging CEO James Webb has given nearly $1 million … [Read more...]
Orthodontic Providers Get Their Day in Front of the Texas Supreme Court
Today, the Texas Supreme Court agreed to hear oral arguments from orthodontic providers regarding the dentists’ counterclaims in the pending State vs. dentists vs. TMHP/Xerox cases. The general facts of the underlying dispute about orthodontic prior authorization have been well-covered in the press, but the status of the various appeals that have resulted from the cases was … [Read more...]
Authorities: Laredo adult day care raided in Medicaid fraud investigation
State and county authorities descended on a Laredo adult day care Wednesday morning as the patrons calmly played loteria inside the main hall. The Texas Attorney General's Office and Webb County Precinct 1 Constable's Office executed a search warrant at Las Flores Adult Day Care, 2502 E. Travis St., in connection with a Medicaid fraud investigation. Medicaid provides health … [Read more...]
Texas reaches $300K settlement with Henry Schein
August 8, 2017 -- The Texas attorney general has reached a $300,000 settlement agreement with Henry Schein over allegations of anticompetitive practices. A lawsuit alleged that Henry Schein violated state antitrust law by working with its competitors to prevent the Texas Dental Association (TDA) from distributing lower-cost dental supplies online, according to a news release … [Read more...]
The Truth Finally Comes Out…
The Statesman published a landmark article this morning by reporter Eric Dexheimer regarding the great Texas orthodontic debacle. Story finally pieced together Thanks to the state's fraud suit against Xerox, its former Medicaid claims administrator summarily terminated back in early 2014, new information has come out and the sordid story has finally been pieced together … [Read more...]