This morning Attorney General Ken Paxton announced that the State of Texas had settled its $2 billion Medicaid fraud lawsuit against Xerox/Conduent, its former Medicaid administrator from 2004 to 2012, for $235 million. The settlement over Xerox/Conduent's inadequate orthodontic prior authorization process was touted as a record recovery for Medicaid fraud in Texas. The … [Read more...]
Xerox/Conduent Settling Its $2 Billion Dental Medicaid Fraud Case with Texas?
TDMR has learned that Xerox/Conduent is in talks with the Office of Attorney General to settle the $2 billion Medicaid fraud case against the company, once Texas' Medicaid claims administrator. The amount is calculated to include triple damages and civil penalties for every illegal act performed for almost two hundred thousand alleged illegal acts. Started back in … [Read more...]
State Accused of Withholding Documents in $2 Billion Medicaid Fraud Suit Against Xerox/Conduent
While we are now in 2019, there are some things from 2018 that are still pretty relevant regarding the $2 billion Medicaid fraud case against Xerox/Conduent that we haven't reported on. "Withhold discovery fundamental to this case" For example, that July 2018 court filing by Xerox/Conduent that we have previously cited also accuses the state of a systematic attempt to "withhold … [Read more...]
Texas Lawyers Behind Samson Dental Partners and ImmediaDent $5.1 million settlement in Indiana
It wasn't in the media articles we reviewed for our story back on November 6, but we have since found out that the same Texas qui tam attorneys that were hired by the Texas OAG a few years ago were behind the recent $5.1 million dental settlement in Indiana. Charles Siegel, Daniel Hargrove and James R. Moriarty represented Dr. Jihaad Abdul-Majid, the whistleblower in the Samson … [Read more...]
Did Texas OAG Forget to Sue Xerox For $133 Million Owed the Feds for Medicaid Orthodontic Prior Authorization Debacle?
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...]