Rochester, NY 8/17/2009 10:19:32 PM
Mylan, Inc., MYL , The Mylan Inc. Recently Facing an Investigation from Shareholders
Mylan, Inc., MYL
There was an investigation ongoing on behalf of investors, who have shares from Milan Inc. as early as July 2007 or longer, the investigation was announced over potential violation of the federal securities laws by Milan.
Based on the investigation conducted by a law firm, the investigation arises out of an article article in the Pittsburgh Post-Gazette from July 26, 2009, entitled “Mylan workers overrode drug quality controls”. Due to this, Milan Inc. temporarily stop production and initiated an internal investigation on May 11, 2009 this is due to the “pervasive” violations of standard operating procedure at a Mylan Inc. manufacturing plant in West Virginia.
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