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Biomet Agrees to Pay $56M in MDL Settlement Agreement

On Monday Feb. 3, Biomet became the latest company to make a settlement in a case against it involving defective hip implants. In a multidistrict litigation held in Indiana, Biomet agreed to pay at least $56 million to the hundreds of plaintiffs which filed against the medical device manufacturer. The case had been going on […]

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Judge Unseals Documents Related to Pradaxa MDL

The Pradaxa lawsuits are getting more and more complicated. A federal judge in Illinois has unsealed dozens of documents previously marked “confidential” in the multidistrict litigation against Boehringer Ingelheim International, makers of the blood thinner Pradaxa. The defendants originally claimed that these documents contained “nonpublic internal communications,” as well as “sensitive proprietary information” which could […]

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Johnson & Johnson 1; Teenage Boys, 0

In a stunning turn of events, Big Pharma giant Johnson & Johnson convinced the Louisiana Supreme Court to overturn a $258 million award against the J&J owned Janssen Pharmaceuticals, Inc. It’s a giant win for J&J, but a bitter pill to swallow for the affected parties. Long story short:  Janssen Pharmaceutica, Inc, markets an antipsychotic […]

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Morgan Stanley’s Lies Cost Them $1.25 Billion

Watch out, bankers – the government isn’t going to let you slide any longer. The Federal Housing finance Agency (FHFA) started suing banks in 2011 to recover some of the money that taxpayers lost during 2008. Among these banks is Morgan Stanley, whose faulty mortgage-backed securities helped ruin Freddie Mac and Fannie Mae. Morgan Stanley […]

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JPMorgan Owns Up to Its Mistakes – to the Tune of $614 Million

Financial giant JPMorgan has taken the next step in making amends to the American government and its people, by agreeing to pay $614 million in settlements. The bank acknowledged that its practices of approving ineligible Veterans Affairs and Federal Housing Administration loans violated the False Claims Act, and that they failed to disclose their internal […]

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The FBI Begins its Investigation into the Elk River Chemical Spill

Nearly 300,000 people in nine counties throughout West Virginia were affected by the chemical leak into the Elk River on January 9th, 2014. For almost 10 days, residents were unable to drink from their taps or shower in their homes. Now, the FBI has thrown its hat in the ring as it takes a long, […]

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