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Amgen settles shareholder lawsuit claiming it hid $10.7 billion tax bill

Summary by WTVB
By Jonathan Stempel NEW YORK, July 21 (Reuters) - Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too ​long to disclose that it might owe ‌the Internal Revenue Service $10.7 billion for underreporting s...

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Amgen settles shareholder lawsuit claiming it hid $10.7 billion tax bill

By Jonathan Stempel NEW YORK, July 21 (Reuters) - Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too ​long to disclose that it might owe ‌the Internal Revenue Service $10.7 billion for underreporting s...

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WTVB broke the news on Tuesday, July 21, 2026.
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