The Department of Labor sued Goodyear
Tire & Rubber
Co. over allegations of hiring discrimination
against women at its Danville plant. A compliance review in May 1999
uncovered violations of federal compliance programs.
Suit was brought after unsuccessful efforts to reach
an out-of-court settlement. (Danville Register & Bee)
Tercica Inc.,
a Brisbane, Calif.
pharmaceutical company, filed suit in Richmond federal court against Insmed Inc.,
accusing the Henrico company of false and misleading
statements related to Tercica's drug, Increlex. Insmed
produces a competing drug, iPlex,
for the treatment of a rare disorder that causes short
stature in children, and has said the active ingredient
in Increlex is less safe
than iPlex. A similar suit
brought by Tercica in California
was recently dismissed. In the new suit, Tercica alleges
Insmed has
presented incorrect information about Increlex to
physicians. (Richmond
Times-Dispatch)
LandAmerica Financial Group Inc., a Richmond-based
provider of real estate transaction services, reached
agreement with Nevada
to resolve reinsurance practices. The company will
work with the state to create a consumer-education
program on title insurance options, and pay a $560,280
fine. The practice in question involved formation of
an insurance company with a builder, lender or real
estates agent to share insurance risk. Many regulators
viewed the practice as a kickback. (Richmond
Times-Dispatch)
