The United States on Monday sued New York City and Computer Sciences Corp, accusing them of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed.
A U.S. judge on Monday slashed a $9 billion punitive damages award to $36.8 million against Takeda Pharmaceutical Co and Eli Lilly & Co over their Actos diabetes drug, although she rejected their request for a new trial.
The five biggest U.S. retail banks added 25 million new deposit accounts since 2010, a study showed on Monday, a sign that banks can continue to grow despite a lack of public trust after the credit crisis.
Oscar de la Renta, the renowned fashion designer who died on Monday at the age of 82, will be buried at a private funeral in New York early next month.
