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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: david who wrote (6745)4/9/1998 6:20:00 PM
From: RT  Respond to of 23519
 
david,

This is the lawsuit mentioned...
During the quarter, the Company recorded the settlement of a lawsuit with a former consultant. Payment of the $5.1 million settlement was made on January 5, 1998. Because of the lower fourth quarter product sales and the settlement of the lawsuit, the Company revised its estimated 1997 effective tax rate to 8 percent from 18 percent, resulting in a fourth quarter tax benefit of $3.5 million.

RT


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