Drug firms offer 350 million to settle lawsuits
Four major drug makers proposed paying up to 350 million to settle federal lawsuits alleging they conspired with others to charge pharmacies more than managed care insurers. The move brings total settlements to over 700 million with 15 companies agreeing. Remaining firms continue to fight.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Charles Kocoras
Dave Melnick
Walgreens
Kmart
Wal-Mart
Abbott Laboratories
Hoechst Marion Roussel
Hoechst AG
Germany
New Jersey
Cinergy Reaches $80 Million Settlement Over Marble Hill Plant
Cinergy Corp will absorb an $80 million charge in the second quarter to settle a dispute with Wabash Valley Power Association over canceling the Marble Hill nuclear plant near Madison Indiana. The nine year disagreement ends with Cinergy taking on the financial liability to Rural Utilities Service and Cooperative Finance Corp and repaying over 35 years. The charge equals 32 cents per share after taxes.
MENTIONED IN THIS ARTICLE
Cincinnati
Cinergy Corp
Southern Indiana
Wabash Valley Power Association
Marble Hill
Madison
Ind
Cinergy
Wabash Valley Organization
Rural Utilities Service
Cooperative Finance Corp
Wabash Valley
GM seeks court aid in UAW strike arbitration
GM filed in federal court seeking an order to compel expedited arbitration with the United Auto Workers over whether the two Flint plant walkouts are illegal. If ruled illegal, GM could pursue a back to work order and damages while the strike has cost GM about 1.2 billion dollars and idled 175,000 workers. Talks at the Flint plants continued with no settlement.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
United Auto Workers
Flint
North America
UAW
David Gregory
St. John’s University
Also Mentioned on This Page
Pharmacia & Upjohn
Bell Atlantic
Raymond W. Smith
Jeff
Kweisi Mfume
NAACP
Atlanta
Smith
Tion
Michigan State University
John Revitte
Andrew Kramer
Genesis Health Plan
Lorain County
Community Health Partners
EMH Regional Medical Center
EMH /Amherst
Allen Memorial
Oberlin Clinic
Cleveland Clinic
Genesis
OF Ohio, Inc
New York
NYSE
Fords
AberFuch
Ty Hallibie
Alistaies AldSalé
AR AmOnInes
Hinstke
indoTel
Ameriidis
Dohnun
Amocos
Kmart Abe
Krogarto
Bray Viet
BayNt
Lutyéh
BellAlls
Lowes
Ag Boeng
ABBAS
Lucenis
MediaOne
Bok
Merck
Ae Gendt
E Chasem
Mg Merthyn
Chevron
Ot Mobi
Monsan
Cilio
Norfels
Smh
Norwest
Ie Oakirds
O.sat
Ang PepsiCo
PhaMor
Tadeco
Ts Entergy
Exxon
Hk Schimb
TelBrast
Texaco
Terrist
ThertoEl
Usawsia
Ot Vareo
WalMart
Akin Investment Securities
Walnut Street Securities, Inc
NASD
SIPC
AISG
WSS
Airtel Allied Corporation
American Greetings
Bob Evans Farms
Cedar Fair
Chrysler
Columbia Gas
CVS
Emerson Electric
Englehard
FirstEnergy
FirstMerit Bancorp
Ford Motor
General Motors
Geon
Goodrich 4Tys Guest Supply
Hills Dept
Invacare Corp
Keycorp
Lear
LTV
LNB Bancorp Gy Lescainc
Limited
Mid-Am. Inc
Nordson Corp
Northern Savings
OfficeMax Inc
P.N.C. Com
Parker Hannifin
RPM Inc. Royal Appliance Sts
Sherwin Williams
Smuckers/SJMA
Steris
Sunrise Medical
T.rw. Usx
York International
Aortic
Kairiiteteg
Agate
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