Former Taro Pharmaceutical VP Of Sales And Marketing Indicted for Price Fixing


Taro Pharmaceutical Industries Ltd (NYSE: TARO) former Vice President of Sales and Marketing Ara Aprahamian has been indicted by the Justice Department for price-fixing and bid-rigging on Tuesday, Reuters reported.

What Happened?

According to the Justice Department, a federal grand jury in the US District Court for the Eastern District of Pennsylvania has indicted Aprahamian for his role to fix prices, rig bids, and allocate customers for generic drugs, and for making a false statement to federal agents who were investigating those conspiracies.

Assistant Attorney General Makan Delrahim of the Department of Justice’s Antitrust Division said in the …

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