Here’s a quick asbestos update from the St. Clair Record: Word from the U.S. Capitol is that the long debated federal asbestos litigation reform measure will– finally– start moving toward passage in July. At issue has been who will pay into a proposed $140 billion ‘Asbestos Trust Fund’ intended to replace litigation, and how much….
Monthly Archives: June 2005
Vioxx Lawsuits Could Reach Trial in Fall
AP is reporting that the first Vioxx lawsuits could be coming this autumn: NEW ORLEANS – The first federal lawsuits against drug maker Merck & Co. over its withdrawn painkiller Vioxx could reach trial in the late fall, according to lawyers who gathered Thursday for a monthly status conference on the massive litigation. More than…
Class action claims vs. Exxon upheld
NEW YORK (Reuters) – A closely divided U.S. Supreme Court on Thursday ruled that people with small claims in a class-action suit against Exxon Mobil Corp. (NYSE: XOM) can participate in a jury verdict with damages that have swelled to more than $1.3 billion. The justices ruled on a 5-4 vote that federal courts can…
Broadcom to settle class action suit
Broadcom will be settling its class action suit, according to Business Week: Chip maker Broadcom Corp. said Friday that it has reached an agreement in principle to settle the shareholder class action lawsuit currently pending against the company and certain of its current and former officers and directors. Under the proposed settlement, Broadcom will make…
Class action against Visa, MasterCard
According to DMNews.com, a class action suit is alleging that Visa and MasterCard fix their fees: An antitrust class-action lawsuit has been filed against Visa, MasterCard and several major U.S. banks on behalf of a group of merchants, alleging the fixing of credit card fees, law firm Robins, Kaplan, Miller & Ciresi LLP said yesterday….
2 Florida men suing TV show “Trauma: Life in the ER”
AP is reporting that two Florida men are suing the producers of reality TV show “Trauma: Life in the E.R.” –and they want the suit turned into a class action: ORLANDO, Fla. – Two Florida men are suing the producers of the reality TV series “Trauma: Life in the E.R.,” saying their privacy rights were…
Britain’s largest ever class action
Michael Smith of Reuters UK is reporting that the Railtrack case will be the largest class action Britain has ever seen: LONDON (Reuters) – Britain’s largest ever class action trial starts on Monday when almost 50,000 shareholders of collapsed rail operator Railtrack take a 157 million pound claim against the government to court. A former…
Merck Tried to Alter Vioxx in 2000
Here’s a very interesting article that was just released–the Associated Press is saying that Merck Tried to Alter Vioxx in the year 2000: NEW YORK – Merck & Co. researchers privately sought to reformulate Vioxx in 2000 to reduce its cardiovascular side effects, even as the drug maker was publicly playing down a study that…
Suit accuses ConAgra, CEO of manipulation
A class action has been filed against ConAgra: A class-action lawsuit accuses ConAgra Foods and its top executive of engaging in a scheme to manipulate the company’s earnings. The lawsuit, filed Tuesday in U.S. District Court in Lincoln, accuses Bruce Rohde, ConAgra’s president, chief executive and chairman, of knowing that "adverse facts … had not…
Bristol-Myers Squibb class action
According to NJ’s Star-Ledger, Bristol-Myers Squibb is gearing up for its class action case: It’s been only a week since Bristol-Myers Squibb reached a landmark agreement with federal prosecutors to settle a $2 billion accounting scandal, but already the drug maker faces a new — and potentially costly — legal challenge. In federal court in…