Reported 7 days ago
A federal judge ruled that Amgen must confront a class action lawsuit alleging the company delayed informing shareholders about a potential $10.7 billion tax liability to the IRS for underreported taxes spanning six years. The judge noted that shareholders were likely misled by Amgen's failure to disclose the magnitude of this liability, which constitutes a significant portion of its assets. A trial is slated for November 4.
Source: YAHOO