INDUSTRY: PHARMACEUTICAL AND MEDICAL DEVICES
DESCRIPTION AMOUNT
UNCOVERED
BY AUDIT		 AMOUNT
SETTLED /
COLLECTED
1. Pharmaceutical company – on behalf of University inventor, uncovered underpaid amounts resulting from: (i) unreported foreign subsidiary sales; (ii) application of erroneous royalty rates; and (iii) unreported products incorporating Licensed technology > $ 3,000,000 > $ 1,300,000
2. Pharmaceutical company – on behalf of University, uncovered underpaid amounts resulting from: (i) unreported foreign subsidiary sales; (ii) overstatement of deductions; and (iii) application of erroneous royalty rates $ 818,000 $ 520,000
3. Medical Device Manufacturer – on behalf of University, uncovered underpaid amounts resulting from: (i) unpaid minimum royalty amounts; (ii) unauthorized deductions; and (iii) unreported infringing sales > $ 400,000 > $ 300,000
4. Medical Device Manufacturer – on behalf of University, uncovered underpaid amounts resulting from: (i) underreported revenue from foreign sales and (ii) unreported sales of refurbished products $ 158,000 $ 125,000
5. Medical Device Manufacturer – on behalf of University, uncovered underpaid amounts resulting from: (i) underreported sales of derivative/ licensed products; unreported sales of bundled products; and (iii) overstatement of deductions > $ 3,500,000 In Negotiations
6. Pharmaceutical company – on behalf of University, uncovered underpaid amounts resulting from: (i) unreported foreign subsidiary sales; (ii) application of erroneous royalty rates; and (iii) unreported products incorporating Licensed technology $ 433,000 $ 415,000
7. Medical Device Manufacturer – uncovered underpaid amounts resulting from: (i) misclassification of licensed products for royalty calculation; (ii) unreported licensed products; and (iii) overstatement of deductions $ 260,000 $ 260,000
8. Medical Device Manufacturer – uncovered underpaid amounts resulting from: (i) unreported intercompany transfers/sales; (ii) unreported licensed product sales; and (iii) unreported use of licensed products by Licensee $ 493,000 $ 310,000
9. Medical Device Manufacturer – uncovered underpaid amounts resulting from: (i) erroneous application of complex royalty calculation $ 144,000 $ 122,000


If you have any questions or require further details of our services, please do not hesitate to contact us for an initial consultation without charge or obligation.