Category Archives: Stock Fraud

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Dozens Receive Nonsterile Simulated Saline Solution

Dozens-Receive-Nonsterile-Simulated-Saline-Solution

The FDA said last week that more than 40 patients had received intravenous simulated saline that was not sterile and was not intended for human use.

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Actos Side Effects Lawyers Says Whistleblower Revelations Could Boost Bladder Cancer, Heart Failure Lawsuits

An attorney with a prominent personal injury law firm says an Actos whistleblower lawsuit filed earlier this year could strengthen legal claims alleging the type 2 diabetes medication caused some users to develop bladder cancer and heart failure.

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Actos, Avandia May Up Risk for Diabetic Macular Edema

A West Virginia man fitted with a metal-on-metal version of DePuy Orthopaedics’ Pinnacle Hip Implant System has filed suit against the company and its parent, Johnson & Johnson, alleging the device caused him to suffer pain and elevated cobalt levels. The Plaintiff is being represented by the national law ...

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FDA Panel Takes up Metal-on-Metal Hip Implant Safety Today

The Food and Drug Administration (FDA) is convening a meeting starting today to help decide the future of metal-on-metal hip implants following high-profile recalls and mounting questions about their overall safety.

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Death in Those Taking Bactrim with ACE Inhibitors or ARBs

Sudden Death in Those Taking Bactrim Along with ACE Inhibitors or ARBs

Association between sudden death in those given Bactrim while already taking renin-angiotensin system blockers angiotensin receptor blockers (ARBs), heart medications.

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FDA Questions Device Makers about Duodenoscope Cleaning Procedures

Following Deadly Outbreaks, FDA Questions Device Makers about Duodenoscope Cleaning Procedures

In light of a recent outbreak linked to contaminated duodenoscopes, the U.S. Food and Drug Administration (FDA) is questioning manufacturers about their methods for cleaning the devices, the New York Times reports. The specialized scopes, which have been linked to several outbreaks in recent years, most recently infected seven patients ...

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Fracking Releasing Hazardous Chemicals into Local Waterways

Fracking Releasing Hazardous Chemicals into Local Waterways

Study shows two hazardous chemicals—ammonium & iodide—are being released & spilled into Pennsylvania and W.Virginia waterways from fracking operations in Marcellus shale.

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Study Finds Metal-on-Metal Hip Implants Associated with High Incidence of Pseudotumors

Yet another study is adding to concerns about the potential dangers associated with metal-on-metal hip implants. The study, published in the Journal of Bone and Joint Surgery, found that large diameter metal-on-metal total hip replacement may be associated with a substantially higher incidence of pseudotumor formation.

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MTA Bus Crash and Two Cars Injures 23 at Utica Ave. & Clarendon Rd

Crash Involving MTA Bus and Two Cars Injures 23

Police are investigating an accident in Brooklyn on Wednesday afternoon that injured 23 people, 3 of them critically, when a car was knocked into the path of an MTA bus.

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DePuy ASR Hip Implants, Other Faulty Medical Devices Subject to Little FDA Oversight, Investigation Finds

A newly-published investigation from ProPublica has revealed that several questionable types of medical devices, including DePuy Orthopaedic’s recalled ASR hip implant, managed to make it to market without much scrutiny on the part of the U.S. Food & Drug Administration (FDA).

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Mortgage Securities Still Being Rubber-Stamped by Ratings Agencies

Ratings agencies, like Standard & Poor’s, are still having issues when it comes to rating complex < "http://www.yourlawyer.com/topics/overview/Mortgage-Backed-Re-Remic-Rating-Agency-Securities-Fraud-Lawyer-Lawsuit-Attorney">mortgage backed securities, according a new ProPublica report. The failure of ratings agencies like Standard & Poor’s to properly rate mortgage securities played … Continue reading

Posted in Stock Fraud |

New SEC Whistleblower Rules Spur Fraud Complaints

The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by the US Congress and signed by President Obama earlier this summer and contains some very attractive incentives for securities fraud whistleblowers.Now, according to the US Securities and Exchange … Continue reading

Posted in Stock Fraud, Whistleblower |

Big Payoffs Possible for Securities Fraud Whistleblowers Thanks to “Wall Street Tip-Off Law”

The Dodd-Frank Act, passed by the US Congress and signed by President Obama earlier this summer, contains some attractive incentives for securities fraud whistleblowers. The law empowers the U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission … Continue reading

Posted in Stock Fraud, Whistleblower |

Madoff Family Targeted in $30 Million Lawsuit

Irving Picard, the court-appointed trustee who has been working to recover the billions of dollars lost in the historic < "http://www.yourlawyer.com/topics/overview/Bernard_Madoff_Investment_fraud">Bernard Madoff Ponzi scheme, has just filed three lawsuits, said The Associated Press (AP). Madoff, 72, pleaded guilty to running … Continue reading

Posted in Stock Fraud |

SEC Announces Record Settlement with Goldman Sachs

Goldman Sachs has agreed to pay a record $550 million to settle civil securities fraud allegations with the U.S. Securities and Exchange Commission (SEC). The settlement, which still has to be approved by a judge, is the largest penalty a … Continue reading

Posted in Stock Fraud |

Conspiracy Eyed in Madoff Case

When Bernard Madoff pleaded guilty to running the biggest Ponzi scheme in history, he claimed that he acted alone and no one—no family members, friends, or colleagues—were aware of his fraud, said ProPublica. Madoff is now spending 150 years in … Continue reading

Posted in Stock Fraud |

Senate Takes Aim at Credit Rating Agency Conflicts

The U.S. Senate has approved an amendment to its financial reform bill aimed at preventing conflicts of interest between credit rating agencies and investment banks. If it becomes law, the amendment would prevent investment banks from shopping around among credit … Continue reading

Posted in Stock Fraud |

New York AG Subpoenas Investment Banks, Ratings Agencies

New York Attorney General Andrew Cuomo has reportedly opened an investigation into the relationship between Wall Street and investment rating agencies. According to a Bloomberg report, Cuomo’s office is trying to ascertain whether or not the banks misled the agencies … Continue reading

Posted in Stock Fraud |

Goldman Sachs, SEC Said to Be In Settlement Talks

Goldman Sachs has apparently entered settlement talks with the Securities and Exchange Commission (SEC) to settle civil fraud charges the agency levied against the investment bank last month. According to a Wall Street Journal report, the talks didn’t include any … Continue reading

Posted in Stock Fraud |

Goldman Sachs Named in Shareholder Lawsuits

We have been following the Goldman Sachs debacle since news broke regarding the investment bank’s mortgage securities deals. Now, The Washington Post is reporting the financial giant just announced that six private lawsuits have been filed alleging “breach of fiduciary … Continue reading

Posted in Stock Fraud |

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