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Just the Cost of Doing Business

By Michael Blankenship

GlaxoSmithKline, the British drug giant, has agreed to pay $750 million to settle criminal and civil complaints that the company for years knowingly sold contaminated baby ointment and an ineffective antidepressant ? the latest in a growing number of whistle-blower lawsuits that drug makers have settled with multimillion-dollar fines. Altogether, GlaxoSmithKline sold 20 drugs with questionable safety that were made at a huge plant in Puerto Rico that for years was rife with contamination. Read more... $750 million sounds like a lot of money, but here is the key to understanding the issue: "Whistle-blower cases have become so routine that Wall Street no longer takes much notice of individual suits, while the growing trend remains hidden...continue to full post

Full post as published by The Justice Gambit on October 27, 2010 (boomark / email).