Teva Pharmaceutical Industries Ltd., the world’s biggest generic drugmaker, didn’t infringe any of Purdue Pharma LP’s valid patents related to the painkiller OxyContin, a federal judge ruled after a nonjury trial.
Steven Fortuna, a hedge-fund manager who pleaded guilty and assisted in the insider-trading probe of Galleon Group LLC and other federal investigations, was sentenced to two years’ probation and six months’ home confinement.
Hassan Nemazee , a fundraiser for President Barack Obama and Secretary of State Hillary Clinton , was sentenced to 12 years in prison for cheating Citigroup Inc., HSBC Holdings Plc and Bank of America Corp. of $292 million.
A Japanese program that will provide tax breaks to spur people to buy stocks may achieve the government’s targeted 25 trillion yen ($268 billion) in investments by 2020, a Fidelity Japan researcher said.
Steven Fortuna , a hedge-fund manager who pleaded guilty and agreed to assist a U.S. insider-trading probe of Galleon Group LLC, continues to provide information against others who haven’t been charged, a prosecutor said.