Update: HHS Reverses Course, Declines to Exclude Drug Co. CEO

We noted a few weeks ago impending action by the Inspector General of the Department of Health and Human Services to exclude Forest Labs CEO Howard Solomon from government contracts for his company’s plea of guilty to federal law violations.  Mr. Solomon hadn’t been charged with any crime nor did he personally plead guilty to any crime.

This past Friday, it was reported that HHS had decided not to pursue such a course of action against Mr. Solomon. A Business Week story related some interesting and certainly troubling news about what else the government was considering with regards to the Forest Labs guilty plea:

A judge yesterday unsealed court filings showing regulators considered starting an exclusion effort against eight of the drugmaker’s executives over illegal sales of one of the company’s medicines.”

The Delaware judge had ordered the documents to be released pursuant to a legal action by the Icahn Group, which is waging a proxy battle with the Forest Labs board.

2 thoughts on “Update: HHS Reverses Course, Declines to Exclude Drug Co. CEO

  1. Pingback: August 29 roundup

  2. Pingback: August 29 roundup | CASH

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s