UPDATE 1-U.S. judge rejects plea deal with Novelion's Aegerion [Reuters (UK)]
NOVELION THERAPEUTICS INC COMMON SHARES (NVLN)
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Source: Reuters
U.S. judge rejects plea deal with Novelion's Aegerion | Reuters 3 Min Read BOSTON (Reuters) - A judge on Monday rejected a plea deal that was part of Aegerion Pharmaceuticals Inc’s recent agreement to pay $40.1 million to resolve U.S. probes of its marketing of a cholesterol drug, saying it was “not in the public interest.” U.S. District Judge William Young in Boston ruled the U.S. Justice Department’s deal with the Novelion Therapeutics Inc unit “unduly hobbles” his duties as a judge by restricting his ability to impose a sentence. Young said the agreement showed “the shocking disparity between the treatment of corporations and individuals in our criminal justice system.” While people who plead guilty face judges with discretion on sentencing, corporations like Aegerion can obtain deals that restrict what punishment the judge can impose, giving them the “most effective damage control,” Young wrote. He commended Aegerion’s new management for cooperating in the probe. But Young critici
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