kaal:claim:2317580-034

Abbott Labs set the stage for the Pfizer holding: although Abbott's Voluntary Compliance Plan was not a CIA, the Seventh Circuit used it as evidence that the directors knew of and should have stopped noncompliant activities.

Source quote, verbatim

Although the Voluntary Compliance Plan was not a CIA, the Seventh Circuit used it as evidence that the directors knew of and should have stopped noncompliant activities.

From

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013), IV.2 Delineating the Role of CIAs in Fiduciary Duties, p. 18
https://ssrn.com/abstract=2317580 · source PDF

Cite as

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013). SSRN: https://ssrn.com/abstract=2317580

Holds when

In re Abbott Laboratories Derivative Shareholders Litigation
a six year history of documented FDA noncompliance

Classification

empiricalsupport: evidencedcompliancecitation-and-knowledge

Verify

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Attestation record: colloquium/attestations/6d3671833995df30...json
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