Up­dat­ed: Am­gen sued in fed­er­al court for al­leged­ly hid­ing $10.7B IRS bill from in­vestors

Al­most a year af­ter Am­gen told in­vestors that the IRS want­ed bil­lions of dol­lars in back tax­es, a De­troit pen­sion fund is tak­ing on Am­gen in fed­er­al court — propos­ing a class ac­tion ju­ry tri­al against the phar­ma gi­ant.

In the 42-page com­plaint (case 1:23-cv-02138-ER) filed in fed­er­al dis­trict court in Man­hat­tan on Mon­day, Roofers Lo­cal No. 149 Pen­sion Fund sued Am­gen, CEO Robert Brad­way and CFO Pe­ter Grif­fith, ac­cus­ing the com­pa­ny of hid­ing its tax in­for­ma­tion from in­vestors and de­lay­ing re­port­ing of the claimed back tax­es — ef­fec­tive­ly mak­ing “false and mis­lead­ing state­ments,” ac­cord­ing to the fil­ing.

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