0 results for 'CVS Health'
NY Woman Let Out of Jail for Heart Transplant Reoffends, 21-Month Sentence Could Be Life Sentence
2nd Circuit Declines En Banc Review of Drug 'Pay-to-Delay' Ruling
The 2nd Circuit has refused to reconsider en banc its holding that antitrust laws are not violated when drug patent holders pay manufacturers of generic alternatives to keep competing products off the market. The active members of the circuit issued a brief ruling Tuesday saying they had voted to deny rehearing en banc a case in which a three-judge panel in April affirmed summary judgment for Bayer AG on a Sherman Act challenge concerning a so-called "pay-for-delay" agreement involving the antibiotic drug Cipro.Cite as: Matters of Geraldine A., D-16725/09, NYLJ 1202475438937, at *1 (Fam., QU, Decided November 23, 2010)Judge John M. HuntDecided: N
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King & Spalding Left Out of Longtime Client Coke's $4.1 Billion Deal
Industry observers have viewed Coca-Cola's purchase of Energy Brands and the Glaceau brand as Coke's embrace of the new world of vitamin-enhanced beverages. Coke may also be forging a new world among its transaction lawyers, as it tapped Skadden, Arps, Slate, Meagher & Flom instead of King & Spalding for the $4.1 billion cash deal. It's been called the biggest corporate acquisition in Coke's history, and the absence of King & Spalding is noticeable.Justice Department Takes Stand Against 'Pay to Delay' Drug Deals
The practice is dubbed "pay to delay," or "reverse settlement." It happens when a brand-name drug company gives a generic challenger a lot of money, and the generic company agrees to keep its product off the market for a set number of years. These settlements are controversial but have been perfectly legal. Several federal appellate circuits have blessed the practice, and the DOJ under President Bush also supported it. But now, the Justice Department under President Obama is switching sides.Trending Stories
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