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  • Connecticut Hedge Fund Manager Pleads Guilty in Ponzi Scheme
    Mar-17-11 New Canaan, CT A hedge fund executive in Connecticut recently pleaded guilty to fraud counts and other charges for his role in a significant Ponzi scheme , The Associated Press reports. According to the news source, 42-year-old Francisco Illarramendi of New Canaan faces up to 70 years in prison as well as restitution to investors who were allegedly...
  • Expert Witness Claims Driver in St. Louis Truck Crash Was Impaired by Alcohol
    Mar-17-11 St. Louis, MO An expert witness testifying recently said that a driver involved in a St. Louis truck crash was under the influence of alcohol when his tow truck hit a stalled car in 2008, the St. Louis Post-Dispatch reports. According to the news provider, 45-year-old Mark Alan Ikerman has been charged with two counts of DUI and two counts of fail...
  • Woman Sues West Virginia Attorney for Legal Malpractice
    Mar-11-11 Charleston, WV A woman from Wayne County, West Virginia, has filed a legal malpractice lawsuit against an attorney from Cabell County, claiming the lawyer missed the deadline for filing her personal injury complaint, reports the West Virginia Record . Amye Hendricks filed the lawsuit against Timothy L. Eves and his firm, the Eves Law Firm, accordin...
  • "I Use My Zimmer Hip Bits As Paperweights"
    Mar-16-11 Atlanta, GA "I have these Zimmer parts in a drawer and I use the balls for paperweights," says Ed, laughing. But his five hip revision surgeries are no laughing matter. "From all these hip replacement surgeries, I figure at least one is defective." "Usually when they replace a hip, they just replace the ball and not the socket. These medical devices are...
  • SEC Enforcement Boosts Settlement Value: Study
    Mar-16-11 New York, NY One small, but persistent ray of sunshine in an otherwise bleak oversight culture in this country is the Securities and Exchange Commission (SEC), which continues to watch over the investment and financial traffic in the US as resources will allow. A sign that the SEC is effective, according to a yearly study undertaken by Cornerstone Research...
  • Judge Rules in Employee Favor in ERISA Lawsuit
    Mar-16-11 Chicago, IL When companies are bought out by or merged with other companies, the situation can be stressful for employees, especially when it comes to how those dealings affect the company's employee stock plan . Unfortunately for people with money in an employee savings plan or employee stock plan, when businesses are bought or merged, decisions are no...
  • The Catch 22 of Propecia
    Mar-16-11 Vancouver, BC For Canadian men, it's a Catch 22. Would they rather have a full head of hair (or, at least in their view, a more preferred appearance) or accept their hair loss yet retain the capacity to celebrate their manhood between the sheets? That seems to be the choice when it comes to Propecia finasteride , a drug that appears to foster hair growt...
  • Former Adviser Charged with UBS Fraud
    Mar-16-11 Walnut Creek, CA A former financial adviser in northern California has been charged with UBS fraud for allegedly transferring money from his clients to his personal bank accounts, Bloomberg reports. According to the news provider, Steven T. Kobayashi also recently settled a US Securities and Exchange Commission (SEC) lawsuit claiming he committed...
  • Colorado Developer Sentenced in Securities Fraud Case
    Mar-16-11 Colorado Springs, CO Colorado Springs resident Adam Kelepolo was recently given a 10-year community corrections sentence and ordered to pay $820,000 in restitution for committing securities fraud , the Colorado Springs Gazette reports. According to the news source, Kelepolo was accused of defrauding investors in a scheme that raised more than a mil...
  • hCG Dieter Suffers Pulmonary Embolism
    Mar-10-11 The Food and Drug Administration (FDA) has received a report of a pulmonary embolism occurring in a patient on the hCG diet. According to Christopher Kelly, a spokesman for the FDA, the hormone, which is injected daily as part of an extremely low calorie diet, carries risks of blood clots, depression, headaches and breast tenderness or enlargement. ...
  • Texas Employer Sued for Lack of Layoff Notice
    Mar-15-11 Beaumont, TX An employer in Texas is in hot water for a Texas Labor Law violation pertaining to the failure to provide proper notice for a mass layoff at Conex International, a manufacturing facility located in Jefferson County. According to the February 22 edition of the Southeast Texas Record , about 50 employees were let go at the plant without pro...
  • Accutane IBD Trial Gets Underway in New Jersey
    Mar-15-11 Atlantic City, NJ The Accutane IBD trial in Atlantic City, New Jersey, involving actor James Marshall recently got underway with the opening statement from the defense attorneys, according to the Courtroom View Network . The news source reports that the attorneys for drugmaker Roche said the company sufficiently warned the dermatologists of the thr...
  • Dark Chocolate Recalled due to Possible Salmonella Contamination
    Washington, DC: Artisan Confections Company is voluntarily recalling a limited quantity of its Dagoba Organic Chocolate new moon Rich Dark Chocolate 74% cacao 0.32 ounce squares because they may contain Salmonella. No other sizes or Dagoba items are involved in this recall. The recall involves 33 cases of 0.32 oz squares that were sold nationwide...
  • Reports of Injury Prompt Frontgate Closet Ladder Recall
    Washington, DC: Dillon Davis, of South San Francisco, CA, is recalling about 38,000 Frontgate Closet Ladders because the ladders can unexpectedly break, posing a fall hazard to consumers. So far, the retailer, Cinmar LLC, has received about 860 reports of the ladders breaking, including 28 reports of injuries such as bruises and lacerations to...
  • FDA Investigating Reports of Febrile Seizures with Fluzone Vaccine
    Washington, DC: The Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC) have recently detected an increase in the number of reports to Vaccine Adverse Event Reporting System (VAERS), of febrile seizures following vaccination with Fluzone (trivalent inactivated influenza vaccine or TIV, manufactured by Sanofi Pas...
  • Stuck on the Proton Pump Inhibitor Treadmill
    Mar-9-11 Towson, MD Tema has been taking proton pump inhibitors (known as PPIs), both prescription and over-the-counter heartburn medications, for 22 years. "I still have acid reflux problems so what's the point of taking PPIs?" says Tema. "That's a lot of money I've wasted, but I can't stop taking them, and now I'm really concerned about the increased risk of...
  • Is There a New Wrinkle in Denture Cream Zinc Poisoning?
    Mar-14-11 Windsor, ON Concern over Fixodent denture adhesive and other denture creams containing zinc has been top of mind for denture wearers for some time now, culminating in a letter reportedly sent to the makers of two popular brands of denture cream by the US Food and Drug Administration (FDA) in late February. The regulator reportedly called on GlaxoSmithK...
  • Will Actos Replace Avandia As Drug to Watch?
    Mar-14-11 Pittsburgh, PA Once the US Food and Drug Administration (FDA) decided to severely restrict Avandia's use, prevailing wisdom seemed to be that because Actos side effects were not as severe, patients could easily switch to Actos. What may not have been realized, however, is that there is a risk of Actos side effects, reportedly including a risk of Actos...
  • Death of US Veteran Linked to Burn Pits
    Mar-14-11 Washington, DC It didn't take long for Defense Secretary Robert Gates to respond to requests by two Congressional leaders for greater oversight of US Military burn pits , and the availability of protective gear for personnel working within close proximity. Charles Schumer and Bill Nelson wrote to Gates January 5. A little more than a month later, the...
  • FDA Warns about Topamax Side Effects
    Mar-14-11 Washington, DC The US Food and Drug Administration (FDA) has issued a warning about a risk of Topamax side effects , which reportedly include an increased risk of Topamax birth defects. The FDA's warning concerns the link between use of Topamax and pregnancy, warning that babies exposed to Topamax prior to birth could be at an increased risk of birth de...
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