• Most Popular
  • Most Shared

Abbott gets U.S. subpoena on bile-duct stents

NEW YORK
Fri Jul 25, 2008 10:14pm EDT

Stocks

   

NEW YORK (Reuters) - Abbott Laboratories (ABT.N) said on Friday that it received a subpoena last month from the U.S. Department of Justice related to the sales and marketing of its bile-duct stents.

Stocks

The subpoena was filed by the Justice Department to determine whether Abbott's activities violated civil or criminal laws, Abbott said in a filing with the U.S. Securities and Exchange Commission.

The government is seeking to determine whether the activities violated laws such as the Federal False Claims Act, the Food and Drug Cosmetic Act and the Anti-Kickback Statute in connection with Medicare or Medicaid reimbursement paid to third parties, Abbott said.

Abbott is cooperating with the investigation, a company spokesman said, adding that domestic sales of the product in question are nominal.

(Editing by Carol Bishopric)



More from Reuters

Photo

Iraq regrets Blackwater case dismissal, may sue

BAGHDAD (Reuters) - Iraq expressed its disappointment on Friday with a U.S. federal court ruling that threw out all charges against five Blackwater Worldwide security guards accused of gunning down Iraqi civilians in 2007.

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Aurora, a 20-year-old Beluga whale, swims with her newborn calf after giving birth at the Vancouver Aquarium in Vancouver, British Columbia June 7, 2009. REUTERS/Andy Clark

365 days for the doomed

From polar bears to emperor penguins, endangered species will get top online billing in 2010 during the Year of Biodiversity.  Full Article