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  • Court Upholds $295M Settlement in De Beers Class Action
    San Francisco, CA: The U.S. Court of Appeals for the Third Circuit has issued an opinion today upholding the settlement in the antitrust class action litigation against the South African company De Beers, the world's largest diamond supplier, for allegedly conspiring to monopolize the sale of rough diamonds. The appellate court affirmed an order...
  • CardioGen-82 Problems Result of User Error
    Feb-8-12 Princeton, NJ The voluntary CardioGen-82 recall by Bracco Diagnostics Inc. last July and the subsequent FDA alert to health care professionals to stop using CardioGen-82 for cardiac positron emission tomography (PET) scans prompted one Tennessee hospital to test more than 100 cardiac patients for radiation exposure. However, in January 2012, the FDA sa...
  • Starting a New Year with an Old Problem: Foodborne Illness
    Feb-8-12 Atlanta, GA Two cases of potential Foodborne Illness serve as a reminder that one can't always assume the food one eats in a public establishment will not leave one clutching one's stomachs after the fact. There are so many issues at play—from the way in which food is handled and prepared at a restaurant, to the path that food may have taken from...
  • Study Shows Childhood Burn Injury Can Lead to Higher Risk of Health Complications
    Feb-8-12 Toronto, ON A study that was published recently by The Lancet has found that children who have sustained a burn injury that covers 60 percent or more of their total body surface area (TBSA) are at a much higher risk of experiencing severe complications or death, according to Medical News Today . The news source reported that the authors of the st...
  • Study Suggests Lexapro Side Effects May Include PPHN
    Feb-3-12 Philadelphia, PA A recently released study suggests newborns could be at risk of Lexapro side effects , including serious Lexapro birth defects. The study, which found that infants exposed to selective serotonin reuptake inhibitors (SSRIs) prior to birth had an increased risk of persistent pulmonary hypertension, was published in the British Medical Jo...
  • Multaq-Associated Cardiovascular Events Stops Clinical Trial Early
    New York, NY: The FDA has notified healthcare professionals that it is reviewing data from a clinical trial that evaluated the effects of the antiarrhythmic drug Multaq , (dronedarone) in patients with permanent atrial fibrillation. The Permanent Atrial fibriLLAtion Outcome Study Using Dronedarone on Top of Standard Therapy (PALLAS) study was stop...
  • Liver Damage Warning Issued For Multaq
    Washington, DC: Federal health officials have issued a warning to doctors and patients regarding the potential for liver damage associated with a recently launched drug for atrial fibrillation. According to a report by the Associated Press the Food and Drug Administration said it has received reports of liver damage in patients taking Multaq (d...
  • $77Million Settlement in Amaranth Market Manipulation Lawsuit
    New York, NY: Preliminary approval has been granted by a federal judge of a $77.1 million settlement in a securities lawsuit against Amaranth Advisors LLC brought by traders who allege the hedge fund manipulated the natural gas market. According to Businessweek, Amaranth collapsed in 2006 after losing $6.6 billion on natural gas trades. In Au...
  • Bank of New York Mellon Corporation BK Securities Fraud
    Company: Bank of New York Mellon Corporation Ticker Symbol: BK Class Period: Feb-21-08 to Aug-11-11 Date Filed: Dec-15-11 Lead Plaintiff Deadline: Feb-13-12 Court: --- Allegations: New York, NY: A securities class action lawsuit has been filed on behalf of its client the Louisiana Muni...
  • Natural Remedy Fraud: Take Lipozene with a Grain of Salt
    Feb-7-12 Washington, DC Some companies practicing Natural Remedy Fraud are as sneaky and slick as snake-oil salespeople. Take Lipozene, for example. Its website is rife with referrals about clinical studies endorsed by the Obesity Research Institute. It appears that this "institute" is the manufacturer of Lipozene. The Obesity Research Institute must have weig...
  • In This Zoloft Lawsuit, the Birth Defect Child Serves As Plaintiff
    Feb-7-12 Chicago, IL It's one thing for a parent of a child born with a Zoloft pregnancy defect to take a drug manufacturer to task for allegedly withholding information and marketing a product fraught with risk. It's quite another for the child of a mother prescribed the antidepressant Zoloft to approach the courts for help. In this case, a woman hailing fr...
  • A Win for the Plaintiff in Bad Faith Insurance Claim
    Feb-7-12 St. Louis, MO A bad faith insurance claim that went through several legal phases was finally settled in the plaintiff's favor with the awarding of attorney's fees. Cindy Tripp's bad faith insurance claim accused her insurer, Western National Mutual (Western), of bad faith and breach of contract. According to Insurance Law & Litigation Week (1/...
  • Medtronic Infuse Bone Graft Off-Label Adds Anger to Injury
    Feb-2-12 Seattle, WA When Eileen found out that her surgeon used a Medtronic Infuse Bone Graft off-label, she was angry, to say the least. "There was never a discussion that this medical device was even used off-label," she says. "I am now told there is nothing they can do for the pain and I should have a Spinal Cord Implant." Eileen (not her real name) unde...
  • Abercrombie & Fitch 2009 Gift Card Class Action Filed
    Cleveland, OH: Clothing retailer Abercrombie & Fitch is facing a consumer fraud class action over the alleged voiding of Christmas gift cards in 2010. According to the lawsuit, Abercrombie & Fitch issued gift cards as a promotion to customers in Ohio in December 2009. The promotion promised consumers that for every $100 worth of merchandise they...
  • FINRA Fining Banks for Selling Derivatives to Elderly Investors
    New York, NY: Financial Industry Regulatory Authority (FINRA) has fined Wells Fargo & Co. (WFC) $2 million for failing to supervise the sale of a type of securities called derivatives to elderly investors by the company's top salesman. Alfred Chi Chen, 64, reportedly sold hundreds of reverse convertibles to these customers, generating over $1 mil...
  • Kohler Employee Wage & Hour Class Action Certified
    New York, NY: A federal magistrate has certified a wage and hour class action lawsuit against Kohler Co, a manufacturer of kitchen and bath products, engines and power generation systems, cabinetry, tile and home interiors, and an operator of high-end hospitality properties and golf courses. As many as 140 employees may be involved in the lawsui...
  • Record-Setting Verdict in Nursing Home Abuse Lawsuit
    Feb-6-12 St. Petersburg, FL A nursing home abuse lawsuit has resulted in a $200 million verdict against a Florida nursing home. Like other lawsuits alleging elder care neglect, this nursing home injury lawsuit alleged an elderly woman received inadequate care at the hands of those who were supposed to protect her. According to the Tampa Bay Times (02/5/12)...
  • Autism Drugs among Those That Increase Health Risks for Kids
    Feb-6-12 Vancouver, BC Researchers in British Columbia have found a genetic variation in children that puts them at up to six times greater risk of developing metabolic syndrome when they take certain drugs for mental health problems, including autism medication , according to The Vancouver Sun . The news source reported that metabolic syndrome is a bundle o...
  • Depakote Birth Defects That Linger Even After Repair
    Feb-5-12 Washington, DC While Depakote is an important drug used to help control and treat seizures, concern remains with regard to its association with Depakote birth defects. The US Food and Drug Administration (FDA), in fact, recently identified divalproex sodium (Depakote) as having a link to severe birth defects and Depakote side effects as evidenced by so...
  • Number of Actos Lawsuits Growing
    Feb-5-12 Houma, LA It may still be early in 2012, but the number of Actos bladder cancer lawsuits is already increasing. Multiple Actos lawsuits, alleging a link between Actos and bladder cancer, have been filed by patients who say they were harmed by Actos side effects. One such lawsuit was filed by Russell Samanie (as reported by the Daily Comet ; 2/1/12)...
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