Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  Business News 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Monday April 11, 08:02
McKesson Corp. and Cardinal Health Inc. in Spitzer’s bad grace
(by Brigitta Zulfitzler)

 Send link to friend
McKesson Corp. and Cardinal Health Inc. in Spitzer’s bad grace McKesson Corp. and Cardinal Health Inc. were handed subpoenas from New York State Attorney General Eliot Spitzer last week related to the big drug wholesaler dealers’ transactions on the secondary market.

The above-named companies as well as AmerisourceBergen Corp filed their forms with the Securities and Exchange Commission Friday, disclosing that they turn to the secondary market when drugs are in short supply (about 0.5% of the whole drug amount).

The subpoenas are said to be connected to transactions with forged products, since the secondary market has often been filled with phony drugs to enter.

Mr. Spitzer’s office avoided giving any comment on the subpoenas.

All the three companies expressed their willingness to cooperate with the state attorney general’s office.

Mr. Spitzer is noted to provide extremely active investigations in areas of different industries in the framework of anti-fraud campaign. The drug industry also failed to escape the hawk-eyed attorney general.
All business news
Read the related news and articles:
28 Apr 2005 02:11 PM Spitzer probes subprime lenders, including HSBC and Citigroup
27 Apr 2005 07:33 AM AIG knew accounting for workers’ premiums was illegal, says Spitzer
22 Mar 2005 05:33 PM European insurance firms are examined by regulators
07 Mar 2005 05:18 PM Settlement with Spitzer costs Aon $190 mln
14 Feb 2005 05:43 PM Spitzer sends subpoenas to insurance giant
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.