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CTIC 9.0900.0%Jun 26 5:00 PM EST

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To: nokomis who wrote (7388)5/9/2002 11:52:36 AM
From: 2MAR$  Read Replies (2) of 8046
 
CHIR Chiron 10-Q discloses Nevada AG complaint (38.18 -0.90)
In company's 10-Q report filed with the SEC yesterday, CHIR reports that in March the State of Nevada through its Attorney General filed a complaint in the Second Judicial District Court in Washoe County against 10 biotechnology and pharmaceutical companies, including Chiron, concerning setting average wholesale prices for various products, including DepoCyt, that are reimbursed by Medicare and Medicaid. The Attorney General alleges that Defendants violated Nevada state and common laws on unfair and deceptive trade practices and consumer protection, Medicaid fraud, racketeering, and seeks both compensatory and punitive damages.
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