Merrill Lynch to Pay $459,660 Fine to Delaware for Sale of Auction Rate Securities
Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, September 11, 2009
The Delaware Department of Justice announced today that it has reached agreements with Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch) following an investigation into its marketing and sale of auction rate securities (ARS). The company will pay a fine of more than $459,660 to the State of Delaware for misleading investors about the […]
2009 investor education campaign empowers Delawareans to avoid investment frauds and scams
Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Tuesday, September 8, 2009
The Delaware Department of Justice announced the launch of its 2009 investor education campaign. The effort includes a September 15 seminar featuring award-winning journalist and best-selling author Jean Chatzky who brings investing tips for thriving during a tough economy as well as updated print and online resources to help Delawareans avoid investment fraud and scams. […]
Pfizer Inc. to pay $2.3 billion in historic settlement
Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, September 4, 2009
The Attorney General’s office announced today that the State of Delaware, along with other states and the federal government, has reached agreement with Pfizer Inc to settle civil and criminal allegations that the company and its subsidiaries paid kickbacks and engaged in improper marketing of numerous drugs that it manufactures. The largest settlement in history […]
Delaware reaches consumer protection settlement with Pfizer
Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Wednesday, September 2, 2009
The Delaware Attorney General’s office announced today that it has reached a nationwide settlement with Pfizer Inc. following a 4 month investigation into the drug company’s alleged improper marketing of the antipsychotic drug Geodon. In a complaint soon to be filed in Superior Court along with the settlement agreement, Delaware alleges that Pfizer engaged in […]
Attorney General’s Office announces $60,000 fine against New York Brokerage Firm; secures
Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Thursday, July 30, 2009
The Delaware Attorney General’s Securities Unit announced that it has fined McLaughlin, Piven & Vogel (MPV), a New York Stock Brokerage firm, for failure to adequately supervise employee Vikram Manhas. This fine resolved an investigation initiated by a complaint received from a 92 year-old Lewes investor. “The Attorney General’s Office is committed to taking aggressive […]
