- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-03-30T21:29:00
A former chief compliance officer who pleaded guilty to aiding widescale opioid distribution at a wholesale pharmacy where he worked received no jail time after testifying against his former chief executive officer.
William Pietruszewski, the former CCO of Rochester Drug Co-operative (RDC), was spared jail time by Judge George Daniels of the Southern District of New York in a ruling Wednesday. Pietruszewski’s testimony aided the Department of Justice’s (DOJ) case against former RDC CEO Laurence Doud III, who was sentenced to two years and three months in prison earlier this month.
The Pietruszewski ruling was confirmed by his legal representatives at Porzio Bromberg & Newman in a press release.
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Former executives of Medly, an online pharmacy that is now shuttered, have been charged by the Securities and Exchange Commission with defrauding investors.
The Department of Justice announced its intervention in a lawsuit alleging retail pharmacy chain Rite Aid filled hundreds of thousands of prescriptions for medically unnecessary oxycodone and other opioids in violation of multiple federal laws.
Walmart announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
The Securities and Exchange Commission charged bankrupt fashion retailer Express with failing to disclose nearly $1 million in perks to a former chief executive, but did not levy a financial penalty thanks to its cooperation, the SEC said.
A Minnesota transportation company agreed to pay nearly $258,000 to settle allegations that a subsidiaries violated sanctions against Cuba and Iran more than 80 times, the U.S. Treasury Department’s Office of Foreign Assets Control said.
