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| | Schering-Plough Corporation and Richard J. Kogan: Admin. Proc. Rel. No. 34-48461 / September 9, 2003 |
 | | During the week of September 30, 2002, Kogan, Schering's then chairman and chief executive officer, along with Schering's senior vice president of investor relations, met privately in Boston, Massachusetts with analysts and portfolio managers of four institutional investors, three of which were among Schering's largest investors. |
 | | Finally, Schering disclosed that it expected U.S. wholesalers to deplete their prescription Claritin inventories by year end, with the majority being worked down in the third-quarter, and that it expected this to have an approximately $250 million negative impact on Schering's pretax profits for the remainder of 2002. |
 | | Although Schering and Kogan were free to convey the serious concerns they had over Schering's earnings prospects to industry professionals, Schering had a legal obligation to disseminate that information to the rest of the marketplace in accordance with Regulation FD. |
| www.sec.gov /litigation/admin/34-48461.htm (3161 words) |
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