We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Cardinal Health Officers Settle SEC Fraud Charge

Law360 (May 27, 2009, 12:00 AM EDT) -- 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.

The SEC filed a civil securities fraud complaint Wednesday against former Cardinal Health Chief Financial Officer Richard J. Miller, former Controller and Principal Accounting Officer Gary S. Jensen, and former pharmaceutical product division Senior Vice President of Finance Michael E. Beaulieu.

Shortly afterward, the agency announced it...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.