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Tuesday, July 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholders Sue Schering-Plough

NEWARK (CN) - Shareholders accuse directors of Schering-Plough Corp. of dumping $45 million of their own shares at artificially inflated prices while issuing $1.6 billion in new shares and publishing false and misleading information about the drugs Zetia and Vytorin. Also sued in Federal Court are CEO Fred Hassan, CFO Robert Bertolini, and Vice Presidents Carrie Cox, Raul Kohan and Thomas Koestler. See complaint.

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