Bristol Settles DoJ "Channel Stuffing" Investigation For $300 Mil.
This article was originally published in The Pink Sheet Daily
Executive Summary
The company will take a $249 mil. charge in the second quarter, in addition to a first quarter charge of $51 mil. The monies will be added to a shareholder fund created under a separate, earlier settlement with SEC. CEO Dolan loses his chairman's title under the pact, and Bristol agrees to cooperate with investigations of former executives.
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