Mallinckrodt (MNK) Announces FTC Settlement Jan 18, 2017 03:12PM

In response to media reports that appeared in today's press regarding the previously disclosed U.S. Federal Trade Commission (FTC) investigation, Mallinckrodt plc (NYSE: MNK), said, "We are pleased to confirm that we have entered into a settlement agreement with the FTC staff to fully resolve this matter, subject to approval by the Commission. We will comment further at the appropriate time."

Mallinckrodt (MNK) Set to be Charged for Using Monopoly to Jack Up Price - NYP Jan 18, 2017 02:28PM

(Updated - January 18, 2017 2:28. 2:30 PM EST)

The FTC is preparing to file charges against Mallinckrodt (NYSE: MNK) for using its monopoly to jack up the price of a drug to treat lupus and multiple sclerosis, according to a report in the New York Post.

Regeneron (REGN), Sanofi (SNY) Get Expedited Appeal in Amgen (AMGN) Patent Case - Bloomberg Jan 18, 2017 02:23PM

Regeneron (Nasdaq: REGN), Sanofi (NYSE: SNY) Get Expedited Appeal in Amgen (Nasdaq: AMGN) Patent Case - Bloomberg

Duke Energy (DUK) Reaches Settlement to Resolve Florida Power Plant Lawsuit Jan 18, 2017 02:14PM

Duke Energy (NYSE: DUK) and the U.S. government today reached a settlement to resolve a government lawsuit that alleged Duke Energy committed a technical violation of federal antitrust law related to its recently completed acquisition of a Florida power plant.

Duke Energy admits no wrongdoing or liability as part of the settlement, but agrees to pay a $600,000 civil penalty to settle the case and avoid the costs and uncertainties of continued litigation.

The case involves... (continue reading...)

Neovasc (NVCN) Offers Update in Litigation with CardiAQ Jan 18, 2017 02:08PM

Neovasc Inc. (NASDAQ: NVCN) today announced an update in its ongoing litigation with CardiAQ Valve Technologies, Inc. ("CardiAQ").

On January 18, 2017, in the litigation filed against the Company by CardiAQ in the United States District Court for the District of Massachusetts, the trial court granted CardiAQ's motion for pre- and post-judgment interest. The Court awarded US$20,675,154 in pre-judgment interest and assessed a running rate of US$2,354.27 per day from... (continue reading...)

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