Sanction of their banishment from the healthcare field

Assignment Help Financial Management
Reference no: EM13919327

Michael Friedman, Paul goldenheim, and Howard Udell were in executives at Purdue Frederick Company when it misbranded the drug OxyContin. The misbranding dealt with their company marketing and promotion of OxyContin as less addictive less subject to abuse and diversion, and less likely to cost tolerance and withdrawal that other pain medications representations that they are false.

The three were convicted of felony charges for misbranding the drug as a responsible corporate officers at a company at the time the misbranding occurred. The three appealed both their convictions on as responsible for corporate officer as well as their 12 is suspension from participation as an executive in healthcare company.

Can the three be held criminally responsible for the problems with the drug labels? Explain also discussed the sanction of their banishment from the healthcare field.

Reference no: EM13919327

Questions Cloud

Portfolio composed of position in gold-cash borrowing : Consider a one year American call option on 100 ounces of gold with a strike of $1200 per ounce. The spot price per ounce of gold is $1210 and the annual financing rate is 4% on a continuously compounded basis. How would you hedge a short position in..
What is the risk neutral probability of up movement : A binomial tree with three-month time steps is used to value a currency option. The domestic and foreign risk-free rates are 2% and 5% respectively. The volatility of the exchange rate is 20%. What is the risk neutral probability of an up movement?
Business finance-calculate current price of the stock : Company X is expected to pay a year-end dividend of $8 per share of its common stock. After the dividend payment, the stock is expected to sell at $100 per share. The required rate of return on the common stock is 20%. Calculate the current price of ..
Option price be without there being arbitrage opportunity : For a European call option on a currency, the exchange rate is $2.0000, the strike price is $1.900, the time to maturity is one year, the domestic (U.S. Dollar) risk-free rate is 5% per annum, and the foreign risk-free rate is 3% per annum. How low c..
Sanction of their banishment from the healthcare field : Michael Friedman, Paul goldenheim, and Howard Udell were in executives at Purdue Frederick Company when it misbranded the drug OxyContin. The three were convicted of felony charges for misbranding the drug as a responsible corporate officers at a com..
Estimate of the volatility per annum derived from this data : A stock price is 20, 21, 18, 22, 24, and 23 on six successive Fridays. Provide an estimate of the volatility per annum derived from this data?
What is modified duration-maturity and current price : What is the Macaulay duration of a 5.6 percent coupon bond with ten years to maturity and a current price of $1,057.70? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
The current price of non-dividend paying stock : The current price of a non-dividend paying stock is $50. Use a two-step tree to value a European call option on the stock with a strike price of $48 that expires in 6 months. Each step is 3 months, the risk free rate is 5% per annum, and the volatili..
Calculate the best-case and worst-case : We are evaluating a project that costs $956,000, has a four-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 88,400 units per year. Suppose the projections giv..

Reviews

Write a Review

Financial Management Questions & Answers

  Make another deposit into the account

Boretti has $400,000 in a stock fund. The fund pays a 10% return, compounded annually. If he does not make another deposit into the account, how long will it take for the account to increase to $2 million?

  What is your total return for last year

You bought a share of 4.5 percent preferred stock for $96.18 last year. The market price for your stock is now $98.21. What is your total return for last year?

  Income statement to arrive cash paid for operating expenses

The necessary adjustment(s) to the operating expenses amount shown on the income statement to arrive at cash paid for operating expenses is(are):

  Find the total amount in the two accounts combined

You make a one-time deposit of $1,000 into an account (Account A) which pays out 8% effective annual interest at the end of each year. Each year, you take the interest payout and deposit it into an account (Account B) earning an effective annual inte..

  What was the firms operating cash flow

The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,405,000, $141,000 in the common stock account and $2,660,000 in the additional paid-in surplus account. What was the firm’s operating cash flow during 2014?

  What is the firms earnings per share

A firm has total assets of $150 million, liabilities of $90 million, and a return on assets of 8%. What is the return on equity? A company’s stock is trading at $35 a share. The company has a P/E ratio of 16, and pays $0.30 in dividends per share. Wh..

  Consider the cash flows

Consider the following cash flows: Year Cash Flow 2 $ 21,600 3 39,600 5 57,600 Assume an interest rate of 8.4 percent per year. Requirement 1: If today is Year 0, what is the future value of the cash flows five years from now? Requirement 2: If today..

  Future value of this cash flow pattern at end of year five

You have been offered the opportunity to invest in a project that will pay $2,726 per year at the end of years one through three and $5,219 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 9.49..

  Fast-growing company that expects to grow at rate

Fresno Corp. is a fast-growing company that expects to grow at a rate of 23 percent over the next two years and then to slow to a growth rate of 14 percent for the following three years. If the last dividend paid by the company was $2.15.

  What is the fundamental weakness of the gap ratio

What is the fundamental weakness of the GAP ratio as compared with GAP as a measure of interest rate risk?

  Charges customers for their wind generated electricity

Viento Windmills is a utility that charges customers for their wind generated electricity. With their current technology, they earn a total of $65 million each year to pay out to their 3 million shareholders.

  What is the percentage price change of these bonds

Bond J has a coupon rate of 5 percent and Bond K has a coupon rate of 11 percent. Both bonds have 19 years to maturity, make semiannual payments, and have a YTM of 8 percent. If interest rates suddenly rise by 2 percent, what is the percentage price ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd