Two former Bristol-Myers Squibb executives accused in a bookkeeping scandal are scapegoats, victims of the drug maker's strategy of paying large settlements to avoid even more trouble, according to court papers filed late last week.
The strategy, the documents claim, is one "with which the government was all too eager to become complicit."
Frederick S. Schiff, Bristol's former chief financial officer, argued in a motion to dismiss the charges against him that he and his co-defendant and onetime colleague, Richard J. Lane, were "easy targets," used to distract attention from other company executives and directors who were never criminally charged in the scandal.
Read more inside detals here.
Insiders' view: those with the deepest pockets can get the best law money can buy! Have you never seen The Godfather!
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