Keyword: fraud

News

FDA Panel Votes to Relax Avandia Restrictions

07.06.2013 - U.S. health advisers voted on Thursday to recommend relaxing market restrictions on GlaxoSmithKline's diabetes drug Avandia, the former blockbuster at the center of one of the...

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EU Probes Oil Majors on Price Manipulation

14.05.2013 - European authorities have raided offices of oil majors Shell, BP and Statoil as part of a probe into suspected manipulation of oil prices, one of the biggest cross-border actions...

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US Judge Gives Onetime 'King of Biotech' 4 Years in Prison

03.05.2013 - A once prominent biotechnology investor was handed four years in prison on Thursday after pleading guilty to stock manipulation, the second time he has run afoul of U.S. securities...

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U.S. Sues Novartis, Alleging Kickbacks to Pharmacies

24.04.2013 - The U.S. government filed a civil fraud lawsuit against Novartis on Tuesday, accusing a unit of the Swiss drug maker of causing the Medicare and Medicaid programs to pay tens of...

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Pfizer Fails to End Lawsuit Over Bextra, Celebrex Safety

29.03.2013 - Pfizer has failed to persuade a federal judge to dismiss a shareholder lawsuit accusing the company of fraudulently misrepresenting the safety of its Celebrex and Bextra pain...

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US Supreme Court Rules Against Amgen in Class Action

27.02.2013 - The U.S. Supreme Court made it easier on Wednesday to bring class action lawsuits, breaking a line of rulings that had made it more difficult to sue corporate defendants...

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TNK-BP Manager Arrested on Suspicion of Fraud in Russia

19.10.2012 - A government relations manager at Anglo-Russian oil firm TNK-BP has been arrested on suspicion of fraud, the Russian Interior Ministry and the company said on Friday. The arrest of...

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Bristol-Myers Executive Charged with Insider Trading

02.08.2012 - A Bristol-Myers Squibb executive has been criminally charged with insider trading, accused of buying options in three companies that the drugmaker was looking to buy. Prosecutors...