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DewDiligence

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DewDiligence

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Re: flatlander_60048 post# 128822

Saturday, 10/22/2011 4:41:40 PM

Saturday, October 22, 2011 4:41:40 PM

Post# of 257580
Newswires are reporting that the actual Depakote settlement will cost ABT $1.3B ($800M in civil penalties and $500M in criminal penalties).

ABT’s $1.5B reserve for this settlement is pre-tax, and it’s not clear whether any of the settlement payments will be tax deductible. If none or only a small amount is tax-deductible, the $1.5B reserve will be more than sufficient.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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