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Jefferies analysts said in a note: “The headline potential penalties are severe but a settlement is also still possible.”. Last year, Indivior said it was in “advanced discussions” with the U.S. Department of Justice about a possible resolution but none has emerged. Indivior has spent the last two years fighting multiple legal battles and patent disputes in the United States with companies including Dr.Reddy’s, Teva and Mylan to block them from launching generic versions of Suboxone film.
(Graphic: Reckitt erases most of 2019 gains after three tough years - tmsnrt.rs/2D8Hyj1), Reckitt’s spin-off of Indivior in 2014 and the 2017 sale of Reckitt’s food unit, washington redskins rfk stadium seat cufflinks let Reckitt focus on expanding its consumer health business, which targets ageing populations and those interested in health and wellness in the West and rising incomes in developing markets, In addition to concern about Reckitt’s liability, investors on Wednesday worried about a possible spillover effect on Reckitt’s infant formula business..
The company had previously flagged implications including “potential criminal indictment of the group or employees, with reputational impact, distraction and potential debarment which could theoretically extend” to its infant formula business. The business, which sells Enfamil formula, derives a portion of its sales from government contracts in the United States supplying a program to support low-income parents. However, Reckitt said on Wednesday any risk to the infant formula business was theoretical and seen as “highly unlikely and only a remote possibility”.
TOKYO (Reuters) - The wife of ousted Nissan Motor Co Ltd boss Carlos Ghosn was questioned by prosecutors at Tokyo District Court on Thursday, Kyodo News reported, a week after her husband was arrested for a fourth time, Carole Ghosn returned to Japan washington redskins rfk stadium seat cufflinks on Wednesday - days after she left the country to seek help from the French government - and was to be questioned by authorities, a person with knowledge of the matter told Reuters, “(She) responded in a sincere manner, We believe this will lead to Mr, Ghosn’s acquittal,” said Ghosn’s lawyer Junichiro Hironaka, according to Kyodo..
Carole Ghosn entered the courthouse at around 2:30 p.m. local time (0530 GMT) and left about 2 1/2 hours later, Kyodo reported. Prosecutors last week arrested the former Nissan chairman for the fourth time on suspicion he tried to enrich himself at a cost of $5 million to the automaker. He was previously arrested and charged for financial misconduct and has denied wrongdoing. Authorities had also wanted to question Carole Ghosn on suspicion that her husband had siphoned funds through a company where she is an executive to purchase two boats, public broadcaster NHK has reported.
(Reuters) - British fashion retailer Ted Baker named a company veteran as its boss on Thursday, also introducing changes to workplace standards as it looked to draw a line under misconduct allegations against founder and outgoing CEO Ray Kelvin, Ted Baker said interim head Lindsay Page, who joined as finance director in 1997, would take over as chief executive officer with immediate effect, Kelvin, who washington redskins rfk stadium seat cufflinks had been CEO since the company’s launch in 1988, resigned last month over claims he presided over a culture of “forced hugging”..
The company said an independent panel had ended its investigation into the allegations involving Kelvin and recommended changes to the workplace culture - including a review of HR procedures and a whistleblowers’ hotline - which it would implement. It said it would not comment on the claims against Kelvin, who has denied all allegations of misconduct. He remains the company’s biggest shareholder with just under 35 percent, according to Refinitiv Eikon data. Ted Baker’s stock fell 43 percent in value in 2018, and last month it reported its first drop in annual profit since the 2008 financial crisis, highlighting the tough conditions on Britain’s high streets.
Its shares rose 2.2 percent to 1,521 pence after Thursday’s statement, “The appointment of Lindsay Page as CEO and the conclusion of the HSF investigation should now draw a line in the sand in what has been an unfortunate process,” Liberum analysts said, “His (Page’s) appointment makes imminent sense and represents the smoothest of all transitions to a person that has (an) incredibly long pedigree at Ted Baker.”, Retailers are facing a perfect storm of rising costs, slowing growth and washington redskins rfk stadium seat cufflinks the hit to uncertainty spurred by Britain’s chaotic departure from the European Union..