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Tag: case

Ex-drug company execs face reckoning in opioid bribery case

Ex-drug company execs face reckoning in opioid bribery case

Health
The founder and former top employees of a pharmaceutical company are being sentenced in a bribery scheme that prosecutors say helped fuel the national opioid epidemicBy PHILIP MARCELO Associated PressJanuary 12, 2020, 8:27 PM4 min readBOSTON -- The founder and former top employees of a pharmaceutical company are facing a reckoning for their role in a bribery scheme that prosecutors say boosted sales of a powerful, highly addictive painkiller and helped fuel the national opioid epidemic. Starting Monday, seven people who worked for Insys Therapeutics will appear in Boston to be sentenced by a federal judge. The case against company founder John Kapoor and his associates was considered the first that sought to hold an opioid maker and its executives criminally liable for the drug crisis th...
Businessman fled Japan in ‘musical instrument case’ while awaiting trial

Businessman fled Japan in ‘musical instrument case’ while awaiting trial

Business
The former Nissan chairman who fled house arrest in Japan escaped the country in a musical instrument case, according to reports in Lebanon.Carlos Ghosn, who is reported to have arrived in the Middle Eastern country by private plane, was awaiting trial on charges of financial misconduct in Japan before his departure. Ghosn's wife helped plan the escape which was carried out by a paramilitary-style group, according to the Lebanese news channel MTV.The channel reports the members disguised themselves as a music band who were due to perform for a Gregorian-style dinner at Ghosn's home in Japan.The former Nissan chairman is said to have left the premises in a box intended for transporting musical instruments, before leaving Japan from a nearby airport. ...
Musk’s ‘faith restored’ after winning $190m case over ‘pedo’ tweet

Musk’s ‘faith restored’ after winning $190m case over ‘pedo’ tweet

World
Elon Musk has said his "faith in humanity is restored" after he won a defamation case brought against him for calling a British caving expert a "pedo guy".Vernon Unsworth sued the billionaire Tesla founder after they had a Twitter spat during the July 2018 Thailand cave rescue. Mr Unsworth was left feeling "humiliated, ashamed" by the tweet from Musk, a federal court in California heard.Mr Musk's lawyers argued it was no more than a playground insult and did not represent a genuine allegation of paedophilia. Image: Vernon Unsworth said he would 'take it on the chin and get on with my life' The jury of five women and three men deliberated for less than an hour before finding in favour of Mr Musk. ...
Karvy case: SAT suspends further transfer of clients’ securities

Karvy case: SAT suspends further transfer of clients’ securities

Finance
New Delhi: The Securities Appellate Tribunal (SAT) on Tuesday suspended further transfer of investors securities that Karvy Stock Broking had pledged with lenders. The move comes a day after the market regulator Sebi's directive to NSDL to transfer the investors' securities, held by Karvy Stock Broking (KSBL), in their respective accounts. The decision resulted in nearly 83,000 investors getting back their securities that were illegally transferred by the broker to its own account and were even pledged without any authorisation. With this transfer by National Securities Depository Ltd (NSDL), nearly 90 per cent investors received their securities. Karvy has taken loans to the tune of Rs 600 crore by pledging securities worth more than Rs 2,300 crore of 95,000 clients with lenders, includin...
Navy secretary denies reports he’ll resign over Trump’s intervention in Eddie Gallagher case

Navy secretary denies reports he’ll resign over Trump’s intervention in Eddie Gallagher case

Business
Nov. 23 (UPI) -- US Secretary of the Navy Richard V. Spencer on Saturday denied reports that he had threatened to resign after President Donald Trump intervened in the case of Chief Petty Officer Edward Gallagher, a Navy SEAL who was demoted after he was found guilty of posing for photos with a dead prisoner of war. "I would like to further state that in no way, shape, or form did I ever threaten to resign. That has been incorrectly reported in the press. I serve at the pleasure of the President," said a Saturday-night post from the official Secretary of the Navy Twitter account. Spencer also denied the reports directly during a speaking engagement at the Halifax International Security Forum in Canada Saturday. "If the president requests to the stop the process, the process stops. Good o...