A class action lawsuit was filed in New York on behalf of those who purchased shares of Gravity Co. (Nasdaq: GRVY). The class period is February 7, 2005 through May 12, 2005, inclusive. The Complaint charges Gravity and certain of the Company’s executive officers with violations of federal securities laws. Plaintiff claims defendants’ omissions and…
Monthly Archives: May 2005
Class action against United American Healthcare
A securities class action has been filed against United American Healthcare Corporation (NASDAQ: UAHC) on behalf of shareholders. The class period is May 26, 2000, through April 22, 2004, inclusive. Here are some details: The complaint charges that United American Healthcare and certain of its officers and directors violated Sections 10(b) and 20(a) of the…
H&R Block settlement rejected by judge
An Illinois judge has rejected a class action suit settlement proposed by H&R Block: “A U.S. District Judge in Chicago has rejected a settlement involving H&R Block Inc., HSBC Taxpayer Financial Services Inc. and plaintiffs in a class-action lawsuit regarding Block’s refund anticipation loans.” On May 11, H&R Block said it and HSBC had agreed…
Medical whistleblowers speak out against FDA
EurekaAlert has published a very interesting article about medical whistleblowers speaking out… The US Food and Drug Administration (FDA) was “the single greatest obstacle to doing anything effective” about Vioxx, said FDA drug safety officer David Graham at an unprecedented roundtable of medical whistleblowers sponsored by the Public Library of Science (PLoS) and the Government…
Tibco Software faces class action suit
Antone Gonsalves of TechWeb News is reporting that Tibco Software was sued for allegedly misleading investors in the progress of its integration of Staffware PLC, which was acquired in 2004. “Milberg Weiss Bershad & Schulman LLP filed the class-action suit in a northern California federal court on behalf of shareholders between Sept. 21, 2004 and…
Train wreck evacuees seek reimbursement
Residents of a South Carolina town are seeking reimbursement for a train wreck that forced them to evacuate their homes: COLUMBIA, S.C. — A preliminary settlement has been reached that would reimburse residents and businesses affected by the deadliest train wreck involving hazardous material in nearly three decades. The settlement of a class-action lawsuit against…
Viagra: a class action future?
The FDA is looking into blindness as possible side effect of Viagra, the AP reported today. WASHINGTON -— Federal health officials are examining rare reports of blindness among some men using the impotence drugs Viagra and Cialis, a disclosure that comes at a time when the drug industry can ill afford negative publicity about another…
Want to know more about the FAIR Act?
Now that the Fairness in Asbestos Injury Resolution Act (FAIR Act) has been okayed for the Senate floor, it’s time to learn what this bill is all about. The key provisions of the bill, which will “take asbestos injury claims out of the courts and pay them from a $140 billion privately-financed fund,” are below….
Asbestos bill makes it past Senate panel
Good ol’ Reuters is reporting that the US Senate panel has approved the asbestos fund, and that the bill is now all set for the Senate: WASHINGTON, May 26 (Reuters) – Legislation to create a $140 billion asbestos compensation fund was approved by the U.S. Senate Judiciary Committee on Thursday, but there were immediate warnings…
New research on COX-2 inhibitors
A UPenn study is pointing to new evidnece to explain how COX-2 inhibitors can lead to heart disease and stroke. Here’s a bit of the news report: PHILADELPHIA, May 24 (AScribe Newswire) — University of Pennsylvania School of Medicine researchers have found additional evidence that may help explain how selective inhibitors of COX-2 might predispose…