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Showing results for In re Cardinal Health, Inc. ERISA Litigation
...Two other Icahn nominees failed to attract enough votes to win board seats, paving the way for Illumina chief executive Francis deSouza and director Robert Epstein to be re-elected....
...Over the past year, the business has been rocked by costly litigation related to wildfires in the US....
...One risk for companies, particularly those based in the US, is the threat of litigation....
...Through his Public Health Advocacy Institute, Daynard was the driving force behind litigation which led to a 1998 court settlement with Big Tobacco conglomerates in which they agreed to pay out $206bn for...
...on our commitment to profoundly and positively impact health for humanity,” Erik Haas, J&J’s worldwide vice-president of litigation, said in a statement....
...The looming litigation compounds increased attention from lawmakers....
...James Gelfand, who leads public affairs at the Erisa Industry Committee, which represents US employers that sponsor health plans, says previous obesity drugs were so ineffective it was a “no brainer” to...
...“We’re just looking for accountability for this particular product,” Shirian added. “No one is looking to take guns away from people. It’s very reminiscent of tobacco litigation....
...Over the next 18 years AmerisourceBergen and Cardinal Health will pay $6.4bn each, while McKesson will pay $7.9bn and J&J will pay $5bn....
...The nationwide settlement with J&J and distributors McKesson, Cardinal Health and AmerisourceBergen would end years of litigation against the companies, which have faced lawsuits in states and cities across...
...It also targeted distributors including McKesson, Cardinal Health and Amerisource Bergen....
...The company declined to comment on its proposed relisting plans, but one senior executive said it was now “in a position where we’re more comfortable re-engaging with public investors” and that it wanted...
...Two non-profits are currently embroiled in litigation with AIG over some of the assets that Blackstone is buying: RiseBoro Community Partnership, which operates 35 of the disputed units on Brooklyn’s Stockholm...
...Related links:In Re Anthem-Cigna Merger Litigation — Delaware Court of Chancery decision August 31 2020How Teneo’s master of the dark arts spun out of control — FT...
...Stocks that have faced opioid litigation and fines underperformed the S&P Health Care Index by 16 per cent from 2016 to 2018, Bank of America said....
...Mr Frazier eventually became Merck’s overall general counsel in 1999 and was the architect of a hard-nosed strategy in which the drugmaker defended itself against a wave of litigation related to Vioxx, an...
...As dHybrid Inc became embroiled in litigation, Mr Milton’s father, William, formed a new company in October 2012 called dHybrid Systems, which was legally distinct from dHybrid Inc and owned solely by William...
...Drug distributor stocks also dropped: Cardinal Health lost 3 per cent to $50.02, McKesson fell 3.1 per cent to $147.56, and AmerisourceBergen was down 1 per cent to $89.64....
...Travelport had a deal to sell a unit to the payments company Wex, but Wex has refused to close and Travelport is in the middle of separate litigation to get that money....
...“As we are not privy to the facts, we are not in a position to render a conclusion. That said, we’re pretty sure that the worst case outcome for Insys is some sort of fine,” he wrote....
...Distributors McKesson, Cardinal Health and AmerisourceBergen have pledged $18bn; Johnson & Johnson, the world’s largest healthcare company, said it would pay $4bn over the first two or three years, while...
...But if you’re feeling extremely anxious about current events, it might be just what you need to give your mind a break and remind you there is good in the world....
...Our bull case is that the re-emergence of these trends leads to a re-rating back to more recent averages. Jefferies upgrades Tate & Lyle to buy. “Sure we expect EPS to be flat in FY21....
...They’re going to have an impact....
...Now we consider the acquisition spree that has seen Fridman buy up Holland & Barrett, the health food chain, in 2017 and his stab at Dia, the Spanish supermarket chain....
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