U.S. submits revised plea deal with Novelion's Aegerion to court [Reuters]
NOVELION THERAPEUTICS INC COMMON SHARES (NVLN)
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Source: Reuters
U.S. submits revised plea deal with Novelion's Aegerion to court | Reuters 3 Min Read BOSTON (Reuters) - The U.S. Justice Department on Wednesday unveiled a revised a plea agreement with Aegerion Pharmaceuticals Inc that aimed to appease a federal judge who threatened to reject an earlier version that was part of a $36 million settlement. The new plea agreement with the Novelion Therapeutics Inc unit came after U.S. District Judge William Young in Boston on Oct. 18 expressed displeasure with the earlier version’s sentencing terms and said his “instinct is to reject it.” In court papers, prosecutors said they had sought to bolster the plea deal by adding probation of three to five years and a restriction on Aegerion and its employees from denying the factual basis of its eventual guilty plea. It was unclear if the new conditions would garner approval from Young, who noted at the October hearing that he had in prior cases criticized plea agreements that made the parties’ sentencing reco
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