CSR News Stories

Bayer diabetes products

US: Bayer to settle bribery suit on diabetes drug

German medical firm Bayer is to pay nearly $100m to settle a lawsuit alleging that the company bribed suppliers of medicines for diabetes into switching from competitor's products.

European Commission fines companies in rubber cartel

The European Commission has fined five oil and chemical companies for fixing the price of rubber used for tyres, including Italy's Eni which received the largest fine at 272m euros.

Pharmaceutical companies attacked for irresponsible marketing

A new report by Consumers International has accused top European pharmaceutical companies of using irresponsible marketing to promote their products.

Antitrust suit to proceed against Monsanto

An antitrust lawsuit against Monsanto has been given the green light to go ahead by a US District Court judge. Other companies are also in the firing line, including DuPont, Bayer AG and Syngenta.

Bayer succeeds in fending off Baycol class action move

German drugs and chemicals firm Bayer AG has won a key legal victory as a US Federal Court has denied a proposed class action on the impacts of the company's withdrawn drug Baycol.

Italy: Roche to appeal cartel fine

Roche Holding AG has said that it will appeal a $10m fine in Italy for alleged antitrust activity on diabetes tests. The company - one of five fined - insisted that it had not been engaged in wrongdoing.

Bayer fortunes improve after second court win

Bayer's fortunes seem to have improved considerably after a second court win over its cholesterol drug Baycol substantially revised downwards the expectations of its legal liabilities.

Bayer wins drug suit on Baycol

A jury in South Texas has found Baycol innovent of marketing and design defects in its cholesterol drug, Baycol, which it pulled from the market last year.

Bayer executives accused of knowledge of serious Baycol problems

Some senior executives at Bayer have been accused of having known for some time that the company's anti-cholesterol drug Baycol had serious problems before withdrawing it from sale.

Congo: UN report calls for sanctions against corporate 'plunderers'

The UN Security Council has been urged by a specialist panel to impose financial sanctions against companies who it accuses of plundering the wealth of the Democratic Republic of Congo.

ExxonMobil and Shell under EU investigation for price-fixing

ExxonMobil and Shell are being investigated by the European Commission for alleged price-fixing in the asphalt sector.

Bayer withdraws cholesterol drug linked to deaths

Bayer A.G., the German pharmaceutical and chemical company, has withdrawn their successful new cholesterol-lowering drug Baycol in the light of growing evidence of side-effects which may already have led to 31 deaths in the US.

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Special Feature

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Social responsibility and finance - on the precipice

In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.