Diet-Pill Seller in $155 Million Settlement - FTC
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A Texas diet-pill marketer has  agreed to pay back up to $155 million he earned from selling  weight-loss pills that did not work as advertised, the U.S.  Federal Trade Commission said on Friday.
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The fine would settle a civil and criminal investigation into the companyâs marketing of an antipsychotic drug.
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A company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners, an attorney said yesterday.
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A federal judge approved a $2.575 billion settlement of a class-action lawsuit by WorldCom investors who claimed they were defrauded by Citigroup, the second-largest settlement ever in a securities fraud case. When the tentative pact was announced by Citigroup in May, it was for $2.65 billion, but the agreement presented to the judge was reduced by $75 million. Investors accused Citigroup of hiding WorldCom's financial risks when it helped sell $10 billion of WorldCom debt in 2001.
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TAP Pharmaceutical Products has agreed to pay $150 million to consumers and private insurers to settle claims they overpaid for its drug Lupron because the company artificially inflated the price.
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In a settlement that the New York State attorney general said would transform the drug industry, GlaxoSmithKline has agreed to post on its Web site the results of all clinical trials involving its drugs.
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Medical supply company PolyMedica Corp. has reached a tentative $35 million settlement with the federal government over alleged Medicare fraud.
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Unhappy customers who sued "Dr. Phil" McGraw over his now discontinued Shape Up! diet plan have reached a $10.5 million settlement agreement with the TV psychologist, an attorney for the plaintiffs said.
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McKesson, the nation's largest drug distributor, agreed to pay $960 million to settle a lawsuit based on accounting fraud at HBOC, a health care software company.
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WASHINGTON, Feb. 14  â Merck & Company agreed Wednesday to pay $2.3 billion to resolve several tax disputes, the Internal Revenue Service said.
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Drugs giant GlaxoSmithKline agrees to pay out a record $3.1bn to end a tax row with the US government.
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Wyeth on Monday said it will support  proposed changes to a national settlement with former users of  its "fen-phen" diet drugs, allowing quicker settlements for  claims related to some of the less serious side effects from  the recalled appetite suppressants.
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The FDA has appoved a drug called alli, the first diet pill that can be bought without a prescription
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WASHINGTON -- The Internal Revenue Service announced Monday that it had settled a dispute with the pharmaceutical giant GlaxoSmithKline Holdings (Americas) under which Glaxo will pay $3.4 billion in the largest tax dispute in IRS history.
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Deal makers powered ahead, even as one pending merger faced a regulatory hurdle. Makers of diabetes drugs agreed to use the most severe warning on labels, and broadcasters won a favorable federal court ruling regarding obscenities.
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The drug company will settle claims it overcharged government health programs and improperly enticed doctors to prescribe its drugs.
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The former chief executive of Biopure Corp. has agreed to pay $120,000 to settle federal claims that he defrauded investors by concealing problems with the Cambridge company's experimental drug in 2003 .