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AFL-CIO, a Forest Laboratories, Inc. (FRX) Shareholder, Wants Solomon Out as CEO


5/17/2011 8:29:58 AM

One of the nation’s big unions and a shareholder in Forest Laboratories has asked the board to request the resignation of ceo Howard Solomon. The move comes in response to the recent disclosure that Solomon faces being excluded from participating in federal healthcare programs by the US Department of Health and Human Services Office of the Inspector General.The feds took that step not long after a subsidiary, Forest Pharmaceuticals, pleaded guilty to obstruction of justice, distributing an unapproved drug and illegally promoting two other meds.

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