Bristol-Myers agrees to pay $499M to settle probes

Plagued by probes into its questionable sales and marketing practices, Bristol-Myers Squibb has tentatively agreed to pay $499 million to settle up with the Justice Department and the U.S. Attorney for Massachusetts. Bristol-Myers has also agreed to sign a corporate integrity agreement with the feds but will not face criminal charges. Final details of the agreement still have to be worked out.

- check out the company's release on the settlement
- here's the report on BMS from MarketWatch