Dive summary:
- Stericycle is settling allegations that it overcharged nearly 1,000 government entities such as hospitals, schools, and police and fire departments.
- The Illinois based waste company has been ordered to pay $2.4 million in retributions to the local and state government, covering all excess payments in the last nine years.
- Starting in 2003, Stericycle started tacking on an 18% automated price increase just to government bodies without telling them, which is in violation of the contract terms.
From the article:
“Stericycle improperly profited by overcharging New York taxpayers,” said Attorney General Schneiderman. “In these times of harsh budget cuts to education, public health, and public safety, local governments and agencies need every available dollar and we will hold accountable corporations like Stericycle that use cynical schemes to rip off New York taxpayers.” ...