Word: lamberte
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Thousands of different kinds of nonprescription capsules continue to be sold today. In all, Americans bought about 10.5 billion doses of these gelatin-cased medications last year. Among the leading brands: Contac (made by SmithKline Beckman), and Sinutab and Benadryl (both made by Warner-Lambert). Nearly all over-the-counter drugs are two-piece capsules, although the single- piece model, used for some vitamins, is perhaps safer. If anyone were to try ; to pierce a single-piece shell, it would probably leak and be very difficult to seal again. In tampering with two-piece capsules, a criminal might be able...
...that more deaths have occurred, the gelatin-band method of sealing may soon become widespread. Last week Warner-Lambert, a drug company that is also the world's leading supplier of two-piece capsules, announced that it would use a method of fusing the capsules similar to Lilly's in manufacturing its product line. This summer SmithKline has begun using the gelatin band in its Contac and Teldrin capsules...
Dennis Levine was one of Wall Street's hottest young investment bankers. A managing director with Drexel Burnham Lambert, Levine, 33, was glib and gregarious, and had a knack for cultivating clients. In addition, he had a particular gift for obtaining information about impending hostile merger bids and then persuading takeover targets to hire his firm for their defense. According to federal law-enforcement officials, Levine also used his expertise for a less innocent pursuit: buying stock in companies that he knew were about to be acquired, and then selling the shares at a profit after a takeover bid sent...
...Levine case was the largest insider-trading complaint ever filed by the SEC, and it spurred anxiety and soul-searching in Wall Street boardrooms. Levine had allegedly amassed a total of $12.6 million in illicit profits while working for three investment firms--Drexel Burnham Lambert, Lehman Bros. and Smith Barney--during the past 5 1/2 years. Insider-trading cases come and go like stock-market rallies, but never has such a high-level executive been accused of using privileged information for so much personal gain over so long a period of time. Wall Streeters think that Levine must have been...
...time went on, Levine's purchases--and profits--grew larger. In November 1982, after joining Lehman Bros., he bought 50,000 shares of Itek. He sold the stock two months later, after Itek was acquired by Litton Industries, netting $805,035. By last May Levine had joined Drexel Burnham Lambert, and in his most lucrative deal yet, he bought 150,000 shares of Nabisco. Three weeks later, speculation over Nabisco's merger talks with R.J. Reynolds enabled him to sell the stock for a profit...