Word: legalism
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Dates: during 1990-1999
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Mylan's pricing strategy was designed to get the company out of a double whammy. At the pharmacy counter, brutal price competition for drugs such as captopril, a hypertension remedy, and naproxen, an antiarthritis drug, has hurt margins. At the factory, the company is facing an escalating legal and regulatory campaign waged by brand-name pharmaceutical companies such as American Home Products and Merck to extend patents on their drugs or prevent others from manufacturing them. "Generics are caught in a squeeze, which is why only half the 24 publicly traded companies in the industry are profitable," says Jerry Treppel...
...ROBERTS will become the first female to break into the formerly all-male $20 million club for the forthcoming film Erin Brockovich. Roberts joins such handsomely remunerated actors as the two Toms (Hanks and Cruise), Jim Carrey and Mel Gibson. The film, based on the true story of a legal secretary who takes on an environmental-pollution case and wins one of the largest class-actions ever, will be directed by Steven Soderbergh and co-produced by Universal and Sony, with each paying half the actress's salary. Now Roberts can pay for her best friend's wedding...
...million Total donated to Bill and Hillary Clinton's legal-defense fund, as of last week...
...question isn't academic. In the 1990s hate has grown up and logged on. The Ku Klux Klan doesn't use the term cross burnings anymore; it prefers "sacred cross lightings." Klansmen have waged more legal war than race war in the past few years, trying (mostly in vain) to persuade local judges to let them Adopt-a-Highway. "If somebody comes up with a bottle of Jack Daniel's in one hand and a shotgun in the other and says, 'Let's go kill 'em all,' I say, 'You're not for our group,'" says Jeff Coleman, grand wizard...
There was no public grousing when New York City police confiscated Francisco Almonte's car. Shortly after he slammed into a taxi last week, the 57-year-old Queens resident took a Breathalyzer test that showed he had a blood-alcohol level of 0.19, almost twice the legal limit of 0.10. Then there was the matter of his eight previous arrests for drunk driving. The grumbling began later, when the N.Y.P.D. took possession of a 1988 Acura that belonged to librarian Pavel Grinberg. The Polish immigrant, 28, who had been swerving when police pulled him over, was legally drunk...