Recent Posts

Anthem loses appeal over takeover of Cigna Corp

  Bloomberg Anthem Inc. failed to overturn a court ruling that blocked its planned takeover of rival Cigna Corp., capping a nearly two-year battle to complete a combination of two of the biggest health insurers in the US. The federal appeals panel in Washington upheld a lower court ruling by a 2-1 vote. The court rejected Anthem’s key argument, that ...

Read More »

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 ...

Read More »

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 ...

Read More »
Send this to a friend