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Boston Scientific pays $22M

Medical device-maker Boston Scientific will pay $22 million to resolve allegations its Guidant division paid kickbacks to doctors to get them to use its heart devices. The U.S. Department of Justice said Guidant paid physicians $1,000 to $1,500 each in ...

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Drug licensing dispute settles for $20 million

A 10-year battle over a novel drug treatment for a degenerative eye disease has settled for $20 million. Massachusetts General Hospital had sued Canadian drug company QLT to enforce a provision in a 1998 license agreement for Visudyne, a drug ...

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The changing perceptions of risk and the SEC

Risk: To gamble on; do at one’s peril; hang by a thread; play with fire; carry too much sail; go out of one’s depth; bell the cat; make an investment; sit on a barrel of gun powder. — Webster’s New ...

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Avoiding liability in veil-piercing litigation

Even in good times, creditors habitually cast a wide net in search of cash to satisfy their claims. In today’s economic climate, cash-starved creditors are sure to “follow the money,” pursuing a well-heeled corporate relative of the debtor, whether they ...

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The wage and hour audit: state law traps

In the November 2009 issue, I discussed the importance of conducting a wage and hour audit. Now, let’s take a look at the wage and hour “traps” contained in state law. While overtime is perhaps the most significant wage and ...

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First, pay all wages

In these challenging economic times, employers may need to prioritize payments to third parties, often paying the “squeaky wheel” first, but thinking that payments owed to employees are less pressing is a mistake. Most employers understand that weekly employee payroll ...

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