Share this article

print logo


Bristol-Myers Squibb Co., which has settled fraud allegations made by shareholders and regulators this year, was sued by a Florida pension fund whose members claim they suffered $240 million in stock losses.

The suit was filed in New York state court by the Florida Retirement System, the fourth-largest U.S. public retirement system. The pension fund for teachers and government employees contends it suffered the losses on stock purchases between 1999 and 2003 because of the company's "misrepresentations."
--Bloomberg News

There are no comments - be the first to comment