The Department of Justice says GlaxoSmithKline (GSK +1%) will plead guilty and pay $3B in fines...

|About: GlaxoSmithKline (GSK)|By:, SA News Editor

The Department of Justice says GlaxoSmithKline (GSK +1%) will plead guilty and pay $3B in fines - including a $950M criminal fine - to resolve fraud allegations and failure to report safety data. The complaint alleges [[GSK} attempted to defraud doctors by promoting false and misleading studies and treatment guidelines to convince them to use its drugs, including blockbusters like Paxil and Advair. (Read Federal Complaint here)