Roche suing former execs for fraud
Mar. 21, 2019 4:53 AM ETRoche Holding AG (RHHBY)RHHBY, RHHBFBy: Brandy Betz, SA News Editor1 Comment
- Roche (OTCQX:RHHBY,OTCQX:RHHBF) is suing former executives over alleged fraud involving diabetes test strips.
- The U.S. lawsuit says more than a dozen defendants caused Roche to "wrongfully pay over $87 million in rebates and to lose a similar amount of sales of retail strips."
- The defendants include Jeffrey C. Smith former head of Alliance Medical Holdings.
- Roche is seeking tens of millions of dollars in damages and compensation.