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N.Y. AG Alleges Drug Companies Stifled Competition
New York Attorney General Eliot Spitzer filed lawsuits Thursday that accuse major drug companies Pharmacia Corp. and GlaxoSmithKline of bribing doctors and pharmacists to favor their products, costing consumers as much as $100 million a year. Spitzer said he sent notice to Aventis accusing that company of the same activity. Similar lawsuits are pending in California and Texas.Repeat Securities Offender Gets 10 Years and Must Pay $5.5M in Restitution
A repeat securities offender has been sentenced to 10 years in federal prison and must pay $5.5 million restitution under a plea agreement in a hedge fund fraud. According to a Securities and Exchange Commission complaint, Anthony F. Giordano solicited more than $4.5 million for a hedge fund offered by his investment firm from April 2001 to March 2002, but less than a quarter of the money was invested; Giordano converted about $1.5 million to his personal use.Another UK Firm Unfreezes Associate Salaries
Norton Rose has decided against unfreezing pay for its newly-qualified (NQ) lawyers, while carrying out discretionary pay reviews for the firm's more experienced associates.View more book results for the query "*"
War Zone Security Guards Claim Breach of Employment Contracts
A U.S. government contractor that provides security guards at military bases and other sites in Iraq and Afghanistan has been sued for failing to pay overtime wages and give meal and rest breaks to its employees. The suit seeks back wages and compensation for missed breaks on behalf of 300 to 400 armed guards employed in Iraq by Nevada-based SOC.Hogan and Lovells Partners Approve Merger
Partners at Hogan & Hartson and Lovells signed off on their megamerger in separate votes that ended at midnight on Monday.Justices Skeptical of Second-Guessing Fund Advisers' Fees
The U.S. Supreme Court appeared wary Monday of second-guessing the fees that mutual funds pay to the investment advisers who run them.Trending Stories
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