Cardinal Health

1. Nipro To Snap Up Home Diagnostics For $215M

Wednesday, Feb 03, 2010

Nipro Corp. revealed Wednesday that it was set to fork out $215 million to acquire diabetes testing supply maker Home Diagnostics Inc., a move that will allow the Japanese medical device manufacturer to launch its pump products in the U.S. market.

2. Antitrust Suit Against Big Pharma, Distributors Tossed

Monday, Sep 28, 2009

A federal judge has dismissed a $2.3 billion antitrust lawsuit accusing 16 pharmaceutical manufacturers and a group of drug distributors of conspiring to keep a Long Island, N.Y.-based secondary wholesaler out of business.

3. Q&A With O'Melveny & Myers' Rich Parker

Friday, Jul 10, 2009

The standards applicable to merger cases in federal courts are in need of reform, and the FTC ought not to be able to shut down a merger without showing a likelihood of success at the administrative trial, says Richard Parker, head of the antitrust and competition practice group at O'Melveny & Myers LLP.

4. SEC, Former Putnam Exec Settle $4M Fraud Case

Tuesday, Jun 30, 2009

The U.S. Securities and Exchange Commission has settled its case against the last of six former Putnam Fiduciary Trust Co. executives accused of cheating clients out of $4 million in 2001 to cover up an error.

5. Ex-Cardinal Health Officers Settle SEC Fraud Charge

Wednesday, May 27, 2009

Three former Cardinal Health directors negotiated a speedy settlement with the U.S. Securities and Exchange Commission over securities fraud charges filed Wednesday stemming from an alleged high-level scheme to misclassify more than $5 billion of the pharmaceutical company's revenue.

6. Teva Infringes Patents For Antibiotic Cubicin: Suit

Tuesday, Mar 24, 2009

The maker of intravenous antibiotic Cubicin has filed a lawsuit against Teva Pharmaceutical Industries Ltd. and two subsidiaries, claiming Teva has infringed three patents for Cubicin by seeking U.S. Food and Drug Administration approval to make and market a generic version of the drug.

7. Fed. Circ. Upholds $5M Patent Judgment For Alaris

Friday, Mar 13, 2009

A federal appeals court has affirmed a decision that Alaris Medical Systems Inc.’s medical valves did not infringe ICU Medical Inc.’s patents as well as an award to Alaris of nearly $5 million in legal fees and costs.

8. Bug In Cardinal Drug Pump Could Trigger Wrong Doses

Thursday, Mar 12, 2009

Cardinal Health Inc. has reported a “potential risk” in one of its drug pumps that could deliver the wrong amount of medicine, just a few weeks after it signed a consent decree with the U.S. Food and Drug Administration clarifying recall protocol for its pumps.

9. Cardinal Reaches Deal With FDA Over Drug Pumps

Friday, Feb 20, 2009

Cardinal Health Inc. has reached a consent decree with the U.S. Food and Drug Administration regarding inspections and recall procedures for its drug infusion pumps.

10. 1st Circ. Nixes SEC Appeal In $4M Putnam Fraud Suit

Monday, Feb 09, 2009

An appellate court has upheld the dismissal of fraud allegations brought by the U.S. Securities and Exchange Commission against three former Putnam Fiduciary Trust Co. executives accused of covering up a $4 million error in clients' retirement and defined contribution plans.

11. Role Of Rule 10b5-1 Plans In Securities Litigation

Monday, Jan 12, 2009

Apart from the primary benefit of affording a defense to a U.S. Securities Exchange Commission enforcement charge of insider trading, a contract or written plan may be a significant element in fending off a securities fraud claim at the pleading stage, says Allan Horwich of Schiff Hardin LLP.

12. Patent In Rubber Glove Case Invalid: ITC

Monday, Dec 29, 2008

The U.S. International Trade Commission has found that a patent held by Tillotson Corp., a maker of rubber gloves used by medical professionals, is invalid, a defeat for the company in a case in which it accused dozens of rival glove companies of infringement.

13. Damages Reduced In Cardinal's $12.2M Suit V. Tyco

Wednesday, Dec 17, 2008

A California appeals court has affirmed a jury verdict holding Tyco Electronics Corp. liable for defective electrical components it supplied Cardinal Health 301 Inc., but struck about $5.5 million in damages from the $12.2 million verdict.

14. Antitrust Practice: Dechert LLP

Thursday, Oct 23, 2008

The Hatch-Waxman Act has led to an explosion of antitrust cases in the pharmaceutical industry, which is expected to fuel the next wave of antitrust cases, according to attorneys from Dechert LLP’s antitrust practice.

15. Cardinal Health To Pay $34M To Settle Painkiller Case

Friday, Oct 03, 2008

Cardinal Health Inc. will shell out $34 million in civil penalties to resolve claims that it failed to notify drug enforcement authorities about suspicious orders of the painkiller hydrocodone.

16. Suppliers Sued In Duke Hospital Contamination

Thursday, Jun 19, 2008

Patients at Duke University Health System hospitals who were inadvertently exposed to surgical tools soaked in used elevator hydraulic fluid have filed suit against the hospitals' suppliers.

17. Judge Trashes Requests For Extra Attorneys' Fees

Wednesday, May 07, 2008

Months after awarding more than $107 million in attorneys' fees to Coughlin Stoia Geller Rudman & Robbins LLP for its work in a securities class action against Cardinal Health Inc., a judge has pushed back a bid by some who demanded to be paid for filing objections to the requested fees.

18. Cubist Finds Contaminant In Popular Antibiotic

Thursday, Apr 10, 2008

Cubist Pharmaceuticals Inc. discovered traces of an industrial chemical in its antibiotic drug Cubicin and issued a warning to regulators and consumers last week not to use the brand of disposable pump that caused the contamination.

19. Securities Settlements Rising, But Total Value Falling

Monday, Mar 31, 2008

The number of securities class actions that settled last year rose 21%, although the total value of those settlements dropped 60%, according to a report released Monday.

20. Securities Class Action Settlements Crest In 2007

Friday, Mar 14, 2008

The number of securities class action settlements reached its highest peak ever, with Milberg Weiss LLP, Grant & Eisenhofer PA and Schiffrin Barroway Topaz & Kessler LLP topping an annual list of plaintiffs firms garnering the largest total settlements in 2007.