“Given that the bigger the financial losses for investors the longer the prison term, how should one calculate losses that are critical to sentencing? No one knows for sure how to calculate losses that may amount to bookkeeping changes, not cold cash. ‘There is no precedent for this,’ said Charles A. Ross of New York’s Ross & Associates, defense counsel in the Monster Worldwide case. ‘There is a smorgasbord of risk out there,’ he said.”
Archive for the ‘National Law Journal’ Category
August 23rd, 2007
April 9th, 2007
Chuck Ross interviewed by National Law Journal on “off-label” marketing of drugs
“‘I definitely think there are instances where the pharmaceutical industry is being unfairly targeted [for off-label prescriptions],’ said Charles Ross of New York’s Charles Ross & Associates, who has defended several individuals in off-labeling investigations in recent years. ‘On the one hand, doctors are permitted to write prescriptions for off-label medications, but on the other hand there are very restrictive approaches that pharmaceutical companies can take to let doctors know that there are off-label uses that are beneficial,’ Ross said.”