Word: probings
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Laboratories, began to suspect the FDA of favoritism. Frustrated that a rival firm consistently won FDA approval for its products before his company did, McKnight hired private detectives to spy on the Government. The detectives' snooping produced enough evidence of corruption to encourage the Justice Department to initiate a probe. In July, Charles Chang, 47, former head of the FDA's generic-drug division, and two co-workers pleaded guilty to accepting a total of $24,300 in illegal gifts in exchange for preferential treatment. The favored firms: American Therapeutic Inc., Bohemia, N.Y.; Par Pharmaceutical, Spring Valley...
...pursued its own probe, it discovered that Vitarine Pharmaceuticals of New York City had taken a more drastic step to ensure approval of its generic version of Dyazide, a standard antihypertension drug developed by SmithKline. The generic-drug company substituted Dyazide for its own capsules and sailed right through the efficacy tests. Vitarine admitted the deception earlier this month and has recalled the product...
...there's more to come, warned Thornburgh, saying, "This probe is part of an expanding Department of Justice crackdown on white-collar crime in all its various guises, from Wall Street to LaSalle Street to Main Street. The activities uncovered at these exchanges, the largest of their type in the world, cannot be tolerated...
...defenses of financial institutions. Because it allows prosecutors to seize all assets -- including homes, salaries and pensions -- of those indicted, many people facing a RICO count offer to inform on their former colleagues in exchange for leniency. Last week Anton Valukas, the U.S. Attorney who supervised the 2 1/2-year probe, advised both Chicago exchanges that if the RICO-charged traders are convicted, the prosecution intends to lay claim to their membership seats, a $7.5 million prize...
...spectacular failure of some billion-dollar LBOS dramatizes the problems that could befall a number of overextended companies in the event of a slump. -- After a 2 1/2-year undercover probe, the Justice Department indicts 46 Chicago commodities traders on charges ranging from fraud to racketeering. -- A shortsighted proposal to cut capital-gains taxes gathers momentum...