Bristol-Myers Execs Escape Fraud Charges With Catch

Law360, New York (June 29, 2010, 7:32 PM EDT) -- Prosecutors have agreed to drop a five-year-old criminal case against two former Bristol-Myers Squibb Co. executives accused of misleading investors about a profit-inflation scheme provided that they behave themselves over the next year.

Judge Faith Hochberg of the U.S. District Court for the District of New Jersey signed off Tuesday on a deferral agreement in which the U.S. attorney agreed to drop charges against former Bristol-Myers Chief Financial Officer Frederick Schiff and former Worldwide Medicines Group President Richard Lane, so long as they show “continued good...
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