Navigation Links
Feds Might 'Banish' More Execs for Misconduct, Attorney Says
Date:7/5/2011

NEWARK, N.J., July 5, 2011 /PRNewswire/ -- Regulators are brandishing a new weapon in their campaign to punish corporate officers they suspect of wrongdoing—in effect, using an extrajudicial procedure to banish them from their jobs. It is unclear whether they intend to routinely take advantage of these disbarment powers—informally dubbed the "death penalty" by some—but at a recent conference on healthcare fraud, officials expressed frustration with persistent wrongdoing in the pharmaceutical industry and strongly reiterated their intent to punish individual executives considered "bad actors," said LeClairRyan shareholder Carlos F. Ortiz, a former federal prosecutor who focuses his practice on white collar defense, the Foreign Corrupt Practices Act and criminal tax issues.

"CEOs have good reason to be worried," said Ortiz, who is based in the national law firm's Newark, N.J., office. "Banning healthcare executives from doing business with the government—by far their most critical customer—effectively pushes them out of their jobs. This might be a weapon of last resort, but regulators clearly feel that nothing else has worked."

As widely reported in the national media, the Department of Health and Human Services (HHS) recently warned New York City-based Forest Laboratories that it could lose all business with the federal government unless its 83-year-old CEO, Howard Solomon, stepped down. The pharmaceutical company had previously reached a $313 million settlement involving various allegations, including that it had distributed an unapproved drug, illegally marketed an antidepressant and misled inspectors from the Food & Drug Administration. In an attempt to force Solomon's ouster in the wake of the settlement, HHS cited a rarely used provision of the Social Security Act that enables it to bar individual corporate officers from government business.

For the pharmaceutical and other regulated industries, widespre
'/>"/>

SOURCE LeClairRyan
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Most Women With HIV and Their Health Care Providers Have Not Discussed How HIV Might Affect Them Differently Than Men
2. St. Jude Study Finds Treatment With New Drug Might Make Tumor Cells More Sensitive to Therapy
3. Aching Back? Cholesterol Medication Might Help
4. If You Bought ExtenZe, You Might Receive Money and Benefits from a Class Action Settlement.
5. Statement from Eli Lilly and Company: Response to Connecticut Attorney General News Release
6. Prepared Remarks of Attorney General Michael B. Mukasey Before the House Judiciary Committee
7. Whistleblowers Attorney Says Pfizers Guilty Plea Today Opens New Chapter on Aggressive Enforcement of Pharma Companies
8. Relators Attorneys Comment On AtriCure/DOJ Proposed Settlement
9. Remarks as Prepared for Delivery By Attorney General Eric Holder at the AstraZeneca Settlement Announcement
10. Fort Worth Attorney Dwain Dent Comments on Final Judgment in Case That Left Hundreds of Babies Dead or Injured
11. Lead Plaintiffs Attorney In Forest Pharmaceuticals Case Says $313 Million Award Is Tip of the Iceberg of Future Off-Label Marketing Lawsuits
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/24/2014)... , Dec. 23, 2014 Echo ... medical device company focused on skin permeation, continuous ... Scott W. Hollander has been appointed ... Hollander has more than 20 years of experience ... industries, and most recently served as Vice President, ...
(Date:12/24/2014)... , Dec. 23, 2014   Assurex Health, ... decision support to healthcare providers for behavioral health ... has secured $30 million in equity financing from ... C. Drosos , President and Chief Executive Officer. ... adoption and development of Assurex Health,s GeneSight ...
(Date:12/24/2014)... RALEIGH, N.C. , Dec. 23, 2014  Endo ... ENDP ) (TSX: ENL), and BioDelivery Sciences ... that they have submitted a New Drug Application (NDA) ... and Drug Administration (FDA).  Buprenorphine HCl Buccal Film is ... to require daily, around-the-clock, long-term opioid treatment and for ...
Breaking Medicine Technology:Echo Therapeutics Announces Scott W. Hollander as President & Chief Executive Officer 2Echo Therapeutics Announces Scott W. Hollander as President & Chief Executive Officer 3Assurex Health Secures $30 Million Financing Round to Continue Growth in Neuropsychiatric Pharmacogenomics 2Assurex Health Secures $30 Million Financing Round to Continue Growth in Neuropsychiatric Pharmacogenomics 3Assurex Health Secures $30 Million Financing Round to Continue Growth in Neuropsychiatric Pharmacogenomics 4Endo Pharmaceuticals and BioDelivery Sciences Announce NDA Submission for Buprenorphine HCl Buccal Film for the Management of Moderate to Severe Chronic Pain 2Endo Pharmaceuticals and BioDelivery Sciences Announce NDA Submission for Buprenorphine HCl Buccal Film for the Management of Moderate to Severe Chronic Pain 3Endo Pharmaceuticals and BioDelivery Sciences Announce NDA Submission for Buprenorphine HCl Buccal Film for the Management of Moderate to Severe Chronic Pain 4Endo Pharmaceuticals and BioDelivery Sciences Announce NDA Submission for Buprenorphine HCl Buccal Film for the Management of Moderate to Severe Chronic Pain 5
... 4, 2011 Novo Nordisk announced today the ... application (app) to assist in the diagnosis of ... Kessler, MD, Professor of Medicine and Pathology and ... Lombardi Comprehensive Cancer Center. Coags Uncomplicated features a ...
... 4, 2011 /PRNewswire-Asia-FirstCall/ – Lotus Pharmaceuticals, Inc. (OTC Bulletin ... a fast-growing, profitable developer, manufacturer and seller of medicine ... today announced that it will add two additional stories ... which is currently under construction and is scheduled to ...
Cached Medicine Technology:Novo Nordisk Creates First Mobile Application to Help Doctors Diagnose Bleeding Disorders 2Lotus Pharmaceuticals to Expand Construction of Beijing Facility 2Lotus Pharmaceuticals to Expand Construction of Beijing Facility 3
(Date:12/24/2014)... Dennis Thompson HealthDay Reporter ... news about the experimental Ebola vaccine that U.S. officials are ... shows a precursor of that vaccine produced a safe and ... the vaccine, when given to more than 100 Ugandans in ... blood cells that could potentially protect a person against infection ...
(Date:12/24/2014)... -- Longer and colder body cooling does not reduce the ... a lack of oxygen, a new study finds. The ... -- called hypoxic ischemic encephalopathy -- can be reduced by ... for 72 hours, experts say. Research has shown that ... this study examined if the same would be true in ...
(Date:12/24/2014)... News) -- Though most patients with obsessive-compulsive disorder (OCD) ... 10 percent to 20 percent have a form of ... say. However, patients with this so-called "refractory OCD" ... of brain surgery that disables certain brain networks believed ... between patients most likely to benefit from the surgery, ...
(Date:12/24/2014)... TUESDAY, Dec. 23, 2014 (HealthDay News) -- If you ... off if you are not treated by a cardiologist, ... actually improved when cardiologists left town for annual professional ... with cardiac arrest who were admitted to a teaching ... days, but 70 percent died when these meetings were ...
(Date:12/22/2014)... December 22, 2014 As part ... senior care service in San Diego and ... of its senior care team with ongoing online ... Golden Care is provided by Caregiverlist®. Caregiverlist® ... caregivers with the most reliable eldercare options, highest ...
Breaking Medicine News(10 mins):Health News:Early Study Offers Hope for an Ebola Vaccine 2Health News:Early Study Offers Hope for an Ebola Vaccine 3Health News:Early Study Offers Hope for an Ebola Vaccine 4Health News:Greater Cooling of Oxygen-Deprived Infants Fails to Improve Survival 2Health News:Scans May Spot People Who'll Benefit From Surgery for OCD 2Health News:When Heart Docs Are Away, Their High-Risk Patients May Fare Better 2Health News:When Heart Docs Are Away, Their High-Risk Patients May Fare Better 3Health News:Golden Care Partners with Nationally Recognized Caregiver Training Service 2
... The Madras Institute of Trauma (MIOT) deserves to be called ... minimally invasive surgery (MIS) for all kinds of surgeries. // ... that provides 40 fold magnification of a specific body ... liver, cardiac bypass, surgical excision of brain tumor, spinal injury ...
... cell research in the state with the approval of 61% ... have impeded the initiative. // ,The officials now ... will be initiated. Zach Hall, president of the California Institute ... would commence the project as soon as possible. ...
... head of Psycho and Geriatrics Ward at the Punjab Institute of ... their relatives after they have been declared mentally fit by doctors. ... such patients who have completely recovered but no place to go. ... members they say that these patients are of no use and ...
... rushing off at lunch breaks, coughing up ?4,500 for Jiffy ... for such breast implant operations//, and is getting into the ... Kirkham was one of the first to be on their ... by her mom and a student loan. She said: ...
... buster, pain reliever, sleep-inducer, hair conditioner and wrinkle remover, ... guessing! Intimate sex with your partner can provide the much ... NHS helpline says "Forget about jogging round the block or ... fact, good bout of 'sexercise'." ,The NHS site ...
... has spent the last two decades in chains in a ... Pradesh//. His family said that Mansharam did not move at ... ,His brother Bhogchand says that Mansharam was chained to a ... "We spent a lot of money to get him treated ...
Cached Medicine News:Health News:Any Form Of Minimally Invasive Surgery- Name It & They Do It! 2Health News:Momentum of Stem cell research impeded by legal challenges 2Health News:Is mental illness a social stigma? 2
... pacemaker family, which includes the world's ... the most advanced pacemaker technology available, ... the first and only U.S. commercially ... fibrillation (AF). The AF Suppression algorithm ...
... the real-time monitoring surveillance of a ... tools. Moreover, the Information Center is ... so that monitoring data can be ... radiology images, archived data, lab results, ...
... system uses catheters that are controlled ... console. The console processes the refrigerant, ... tip of the catheter, creates cryogenic ... an easy-to-use touch-screen interface. From this ...
... tasks and delivers consistently reliable ... and ensure testing accuracy in ... automated reticulocyte counts and three-dimensional ... sensitivity, specificity and efficiency in ...
Medicine Products: