A Democratic lawmaker asked U.S. health officials to investigate the practices of debt collector Accretive Health Inc., accused of demanding that emergency room patients pay their bills before receiving care at a hospital group in Minnesota.
An Accretive Health Inc. investor sued the hospital billings collection company after a report on its practices issued by Minnesota Attorney General Lori Swanson triggered a 42 percent share price decline yesterday.
Accretive Health Inc. tumbled by the most ever after Minnesota’s attorney general alleged that the company improperly posted debt collectors in hospital emergency rooms and at the bedsides of patients.
Rajat Gupta, the former Goldman Sachs Group Inc. director accused of giving inside information to fund manager Raj Rajaratnam, faces new allegations he passed tips about earnings of Goldman Sachs in 2007 and Procter & Gamble Co. in 2009.
Cameron International Corp., facing thousands of claims from the 2010 Gulf of Mexico oil spill, sued one of its insurers for allegedly refusing to pay $50 million in coverage, a move the manufacturer says threatened a $250 million settlement with BP Plc.
A regulatory probe of product recalls that may cost Johnson & Johnson $600 million in sales this year should be widened to include the company’s outside manufacturers, U.S. Representative Darrell Issa said.
A section of pipe on BP Plc ’s Gulf of Mexico well became trapped and prevented blades from cutting the pipe to stop the flow of oil, triggering the biggest U.S. offshore spill, according to a study released by the Interior Department and U.S. Coast Guard.
The blowout preventer that failed to stop last year’s BP Plc oil spill should undergo more tests by U.S. officials to identify possible design flaws, according to one of the federal agencies investigating the disaster.