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NY AG: $6.2 million settlement on taxes
Albany, N.Y. (AP) - New York Attorney General Eric Schneiderman says a medical imaging company will pay $6.2 million to settle claims it failed to pay corporate taxes to New York City and the state.
Schneiderman says Friday that Lantheus Medical Imaging Inc. and its former parent company, Bristol-Myers Squibb, allegedly did not pay state business franchise taxes, New York City corporation taxes or MTA surcharges from 2002 to 2006. After a complaint by a whistleblower, Schneiderman's investigation concluded that Lantheus failed to pay more than $2.2 million in city and state taxes.
A spokeswoman from Bristol-Myers Squibb says the company sold Lantheus in 2007 and denies the allegations. She said the company settled to "avoid the uncertainty and expense of protracted litigation."
Calls made to Lantheus Medical Imaging were not immediately returned.