Tag: David Pendarvis

SAN DIEGO - ResMed divulged a projected $41.2 million hit to its net income in the fourth quarter of fiscal year 2019 to resolve an investigation by the Department of Justice of the company's resupply program.The investigation involved four different areas, said David Pendarvis, chief administrative officer and global general counsel, during a conference call to discuss financial results: “How we made our resupply programs available on a trial basis was one element. There were issues about...

SAN DIEGO - ResMed will keep its headquarters in southern California, after its board decided the benefits of staying were greater than that of relocating, according to an article from the San Diego Union-Tribune. In Dec. 2012, it was reported that ResMed was mulling a move, citing tax increases, stronger unions, stricter regulations and a Democratic majority in the state legislature as reasons. California's business climate, particularly the high taxes and regulations, remains a worry, according...