Arrogant female bureaucrats cost the taxpayer another $67m
They thought that they could get away with destroying hundreds of businesses and creating huge financial losses on the basis of mere speculation: One of the grosser examples of bureaucratic irresponsibility and abuse of power. They are all the more hateful because they paid $120 million years ago to the "big" guy whom they hurt but thought that they could stiff all the the little guys by insisting on long drawn out and expensive court action. Luckily, a legal firm came to the rescue on a contingency basis. Their costs will be a pretty penny too.
I have commented on the scum previously. Note that I am no fan of "alternative" medicine. As you can see here I think that there is too much quackery even in conventional medicine. But my attachment to the importance of evidence is obviously not shared by the TGA and the bitches who seem to run it -- depite scrutiny of evidence being their brief
And the two devious feminazis at the heart of the TGA action -- Fiona Cumming and Rita Maclachlan -- are apparently still in their jobs! Their involvement in the destruction of records should in fact lead to criminal charges being laid against them
CUSTOMERS of Pan Pharmaceuticals who sued the Federal Government after the company was shut down have been awarded $67.5 million in compensation.
The settlement, approved by Federal Court Justice Flick today, was negotiated without admissions of wrongdoing by the Federal Government, said Andrew Thorpe, legal adviser to the class of 170 former customers of Pan whose businesses suffered losses as a result of the company's closure.
"However, it does end an eight-year saga that commenced on 28 April 2003, when the Government shut down Pan Pharmaceuticals without notice," he said outside court.
"On that day, hundreds of people lost their jobs, $350 million was wiped off the Sydney stock exchange and scores of business, customers and service providers of Pan were very badly affected."
In March 2003, the Government's Therapeutic Goods Administration (TGA) suspended Pan's licence after excessive amounts of some ingredients were found in its Travacalm tablets.
In 2008, the 170 sponsors, customers and creditors of Pan, as well as distributors and retailers of its products, filed the class action.