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Novo Nordisk settles US probe of kickbacks, disguised salespeople

  Bloomberg Novo Nordisk A/S has agreed to settle a US probe of its marketing of diabetes drugs that allegedly included disguising salespeople as medical educators and paying kickbacks to persuade doctors to prescribe its medicines. The allegations were disclosed when a whistle-blower lawsuit was unsealed by a judge. The US Justice Department investigation, which began in 2011, focused on ...

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Lehman suit seeks return of $2bn in ‘Phantom’ Citi fees

  Bloomberg Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. The failed New York investment bank is seeking to recoup the cash from one of its old derivatives trading partners, Citigroup Inc. In a trial that started this week in Manhattan ...

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Apple halts license payments to Qualcomm in ‘all-out war’

  Bloomberg Apple Inc. cut off billions of dollars in payments to Qualcomm Inc., turning a contract dispute into what one analyst called an “all-out war” that forced the chip supplier to slash forecasts given only days ago. The world’s largest publicly-traded technology company and one of the main suppliers of components to the iPhone, its most important product, have ...

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