Roche sues U.S. executives in fight over diabetes test strips [Reuters (UK)]
ROCHE HOLDING LTD S/ADR (RHHBY)
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Source: Reuters
Roche sues U.S. executives in fight over diabetes test strips | Reuters 1 Min Read ZURICH (Reuters) - Roche is seeking tens of millions of dollars in damages and compensation in a U.S. lawsuit against former executives of a Utah-based company, the Swiss drugmaker’s latest case targeting what it calls fraudulent schemes involving its diabetes test strips. “Defendants caused Roche to wrongfully pay over $87 million in rebates and to lose a similar amount of sales of retail strips,” according to Roche’s complaint filed in U.S. District Court in New Jersey on Tuesday against more than a dozen defendants including Jeffrey C. Smith, chief executive at Utah’s Alliance Medical Holdings until 2017. Smith did not immediately return phone calls and e-mails seeking comment. Reporting by John Miller; Editing by Michael Shields All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved.
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