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.

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