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Kapoor was arrested in 2017 on the same day U.S. President Donald Trump declared the opioid crisis a public health emergency. In 2017, a record 47,600 people died of opioid-related overdoses, according to the U.S. Centers for Disease Control and Prevention. Assistant U.S. Attorney Nathaniel Yeager told a federal jury in Boston in his closing argument that Kapoor sought to eliminate the risk of Insys failing after investing millions of dollars in founding it by bribing doctors to prescribe the company’s pain drug Subsys.
Yaeger said Chandler, Arizona-based Insys paid doctors to act as speakers at “bogus” events ostensibly meant to educate clinicians about Subsys, which contains fentanyl, a highly potent opioid, “They eliminated that risk and transferred it to the patients who were prescribed that drug,” Yeager said, “Profits over patients.”, Doctors involved included those who ran “pill mills” and cufflinks shirt were under investigation, Yeager said, He said in exchange for money, doctors helped Insys exploit their patients, some of whom became addicted to Subsys, a drug meant only for treating cancer pain..
He said Kapoor also sought to defraud insurers into paying for Subsys and carried out the scheme with the help of his co-defendants, former Insys executives and managers Michael Gurry, Richard Simon, Sunrise Lee and Joseph Rowan. But Beth Wilkinson, Kapoor’s attorney, argued that he never engaged in a racketeering conspiracy. She said Kapoor believed in Subsys’ promise and argued the patients who received it needed it to treat their pain. “He wanted anyone who needed this medication to get it,” Wilkinson said.
She argued the prosecution’s star witnesses - former Insys Chief Executive Michael Babich and Alec Burlakoff, its ex-vice president of sales - lied cufflinks shirt about Kapoor’s role with the hope of getting lenient sentences after pleading guilty, Wilkinson said prosecutors were ignoring those lies in hopes of convicting Kapoor, “This story cannot be true,” Wilkinson said, “And they don’t care, because they’ve had their eye on this man and these people for years.”..
NEW YORK (Reuters) - A federal judge on Thursday ordered the U.S. Securities and Exchange Commission and Elon Musk to meet over the next two weeks to try to resolve matters underlying the regulator’s contempt motion against the Tesla Inc chief executive. U.S. District Judge Alison Nathan in Manhattan said she may rule on whether to hold Musk in contempt if both sides are unable to reach an agreement. The SEC accused Musk of contempt over a Feb. 19 Twitter post that it said violated his October 2018 fraud settlement with the regulator.
SEATTLE (Reuters) - Boeing Co said on Thursday that a new software fix for its anti-stall system, at the center of investigations into two deadly plane crashes, will give pilots the authority to always override the system if activated by faulty sensor data, The world’s largest planemaker, facing its worst crisis cufflinks shirt in years and the worldwide grounding of its top-selling jetliner, said its software upgrade and associated pilot training will add additional layers of protection to prevent erroneous data from triggering its so-called MCAS system..
The system activated in the Ethiopian Airlines crash last month and also during a separate Lion Air crash in Indonesia in October, Boeing said in a statement following the release of preliminary findings from Ethiopia. “Understanding the circumstances that contributed to the Ethiopian accident is critical to ensuring safe flight,” Boeing Commercial Airplanes Chief Executive Kevin McAllister said in a statement. He said Boeing would carefully review the preliminary report and take “any and all” additional steps necessary to enhance the safety of Boeing aircraft.
MILAN (Reuters) - Three investors including Italian fashion entrepreneur Renzo Rosso are eyeing a possible bid for luxury label Roberto Cavalli, according to a document filed by the company with a court in Milan as it seeks breathing space from creditors, The fashion company cufflinks shirt on Monday filed a request with a bankruptcy court for 120 days of protection from creditors to reach an agreement on its debt and find a new investor, after it struggled to reboot sales and faced a cash crunch, Cavalli, a red carpet favorite famed for its animal prints, has been 90 percent owned by private equity firm Clessidra since 2015, and the group attempted to overhaul the label including with a new manager and designer..