Word: settlements
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Even a whopping settlement is unlikely to hobble Wal-Mart, which rang up $9 billion in profits for the latest fiscal year. Nonetheless, its bottom line is likely to be redrawn by the suits. The sex-discrimination case alone could result in a multibillion-dollar settlement, says plaintiffs' attorney Joseph Sellers. Wal-Mart's reputation as a harsh employer, along with concerns about unfair competition, has spurred communities in Chicago, Dallas and Inglewood, Calif., to block construction of new stores. The outcome of the cases, thanks to the retailer's prominence, could affect how companies all over the world treat...
...timely," warned James Dillon, a partner at Foley Hoag, the Boston-based law firm that sponsored the event. Prosecutors and regulators are circling, the executives were told. Would-be whistle-blowers are collecting promotional materials, saving e-mails, taping phone calls--in the hope of sharing in a jackpot settlement. A PowerPoint slide at the conference showed a kitten (representing the drug industry) in front of a row of German shepherds (the federal regulators), unleashed and ready to pounce...
...rekindling debate about whether drugmakers are generating profits at the expense and health of consumers. Since 2001, pharmaceutical companies have paid the U.S. government more than $2 billion to resolve charges of fraudulent sales and marketing tactics (including a record $875 million that TAP Pharmaceutical Products paid as a settlement in 2001 over kickback schemes to get doctors to prescribe its prostate-cancer drug Lupron). Almost every major firm is now being investigated. Says T. Reed Stephens, a former federal prosecutor who brought several cases against Big Pharma: "We've got a Titanic situation here. What...
...settlement was reached in November 2002 and its terms were undisclosed...
...Script: They backed the U.S. invasion on the promise of keeping, or extending their autonomy from Baghdad. In particular, they hope to extend Kurdish control to the city of Kirkuk, and reverse the effects of Saddam's expulsion of Kurds and settlement of Arabs in the city. And they want control over substantial oil revenues generated in their bailiwick. Those demands are rejected not only by the Arab and Turkomen minorities living in Kirkuk and Mosul, but also by the Shi'ite religious leadership which opposes minority vetoes and the dismembering of Iraq. The interim constitution brokered...