Second Vioxx Trial Takes Disastrous turn for Merck
In a shocking turn of events, the trial judge in the second Vioxx trial now taking place in Superior Court, Atlantic County, New Jersey, has stricken the testimony of Merck’s first (and key) witness, Briggs Morrison, a vice president for Merck Research Labs, because it went "way beyond" his role as a purely “fact” witness as promised … [Read more...] about Second Vioxx Trial Takes Disastrous turn for Merck
Tyco Chief Couldn’t Grant Bonus
Tyco Chief Didn't Have The Authority To Grant Bonus. L. Dennis Kozlowski, the former chief executive of Tyco International, did not have the authority to grant a $17 million bonus for the company's general counsel, Mark A. Belnick, according to testimony yesterday from a former director. Prosecutors say Mr. Belnick, 57, received … [Read more...] about Tyco Chief Couldn’t Grant Bonus
Witness: Adelphia Execs Kept 22 Cars
Adelphia Execs Kept Cars Owned By Adelphia. Company founder John Rigas and his son Timothy Rigas kept 22 cars owned by Adelphia Communications Corp. after they resigned from the cable company in May 2002, longtime employee Charles Raptis testified Wednesday. Raptis negotiated with John Rigas several times to reclaim the vehicles, … [Read more...] about Witness: Adelphia Execs Kept 22 Cars
Key Qwest Witness May Be Emerging
Qwest Potential Key Witness. As federal investigations of Qwest stretch into their second year, at least one member of Qwest's board has emerged as a potential key witness for investigators. Internal Qwest e-mails made public by a congressional investigation last year cast W. Thomas Stephens as a board member who raised concerns, … [Read more...] about Key Qwest Witness May Be Emerging
Witness: Scrushy Backed Plot To Take Firm Private
Scrushy Accounting Fraud. A HealthSouth Corp. officer testified Thursday that last August executives devised a plan said to be supported by fired chief executive Richard Scrushy to conceal years of accounting fraud by selling off chunks of the company and taking the rest private again. Kelly Coleman, an assistant vice president of … [Read more...] about Witness: Scrushy Backed Plot To Take Firm Private
