Posted on 06 February 2014. Tags: Biomet, Biomet M2a-38, hip replacements, M2a-Magnum, medical device manufacturer, multidistrict litigation
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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Posted in Legal News
Posted on 06 February 2014. Tags: multidistrict litigation, Pradaxa, Unseals Documents
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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Posted on 05 February 2014. Tags: antipsychotic drug, Inc, Janssen Pharmaceutica, Johnson & Johnson, Risperdal
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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Posted on 05 February 2014. Tags: faulty mortgage, Morgan Stanley
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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Posted on 05 February 2014. Tags: False Claims Act, JPMorgan
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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Posted on 29 January 2014. Tags: Chemical Spill, Elk River, FBI, Freedom Industries, West Virginia
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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Posted in Legal News