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Synthes, Norian Plead Guilty, Will Pay $23.3M For Illegal Bone Cement Study

PHILADELPHIA - (Mealey's) Synthes Inc. and subsidiary Norian Corp. have agreed to plead guilty to federal felony and misdemeanor counts of conducting illegal clinical studies of bone cement and will pay $23.3 million in fines, forfeiture and a civil settlement, the U.S. Attorney's Office for...

3 Years' Probation Added To $296M In Fines, Forfeiture In Guidant Heart Device Plea

MINNEAPOLIS - (Mealey's) Guidant LLC was sentenced Jan. 12 by a Minnesota federal judge to three years' probation and ordered to pay $296 million in fines and forfeiture for failing to tell the Food and Drug Administration about defects in three of its implantable cardioverter defibrillators...

Pennsylvania School District Sued Over Truancy Fines

HARRISBURG, Pa. - (AP) A Pennsylvania school district is being sued over what lawyers say are excessive and illegal fines imposed to punish repeatedly truant children or their parents. The Public Interest Law Center of Philadelphia sued Thursday in federal court in Harrisburg. It says the Lebanon School...

Not A Drag: NYC Neighbors End Cigar Smoke Lawsuit

NEW YORK - (AP) Where there's smoke, there are $2,000 fines in one New York City apartment building. A pact among neighbors on Manhattan's Upper East Side calls for one to stop puffing on cigars in his apartment or pay the others $2,000 per smoke. Cigar fancier Harry Lysons and next-door neighbors...

2nd Circuit Rules FINRA Cannot File Lawsuit In Federal Court To Collect Fines

FINRA has no authority to bring an action in federal court to collect fines it imposes on members according to the Second Circuit Court of Appeals. Likewise, a rule the SRO issued over two decades ago under which it claimed such authority is invalid. Fiero v . Financial Industry Regulatory Authority...