TranS1 (TSON) Reaches Settlement Over Federal Investigation; Will Pay $6M
- Market Wrap: Stocks Cry for Argentina; Tesla's 'Electrified' Q2 Report, Outlook; T-Mobile Gets New Suitor
- After-Hours Stock Movers 7/31 (IMPV) (GDOT) (LNKD) Higher; (WWWW) (SREV) (GPRO) Lower (more...)
- Tesla Motors, Inc. (TSLA) Tops Q2 EPS by 7c
- LinkedIn (LNKD) Tops Q2 EPS by 12c; Guides Above the Street
- Stocks Sink on Argentine Default and Rate Hike Worries
TranS1 Inc. (Nasdaq: TSON) announced that it had reached a tentative agreement in principle with the U.S. Department of Justice related to the subpoena issued in October 2011. On December 24, 2012, the Company and the staff of the Department of Justice tentatively agreed to settle its federal investigation for $6 million, subject to completion and approval of written settlement agreements with the Department of Justice and the HHS-OIG, which are expected to be finalized in the first few months of 2013. The Company admits no wrongdoing as part of the settlement.
You May Also Be Interested In
- Microsoft (MSFT) Responds to Decision in Customer Data Warrant Case
- Synthetic Biologics (SYN): Lead Investigator to Present New Data on Trimesta
- EDAP (EDAP) Slumps; FDA Committee Recommends Against Ablatherm-HIFU Device
Create E-mail Alert Related CategoriesCorporate News, Litigation
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!