Category Archives: Stock Fraud

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Another Metal-on-Metal Hip Replacement Lawsuit Filed in DePuy ASR Hip Implant Litigation

A vital food safety program was saved from budget cuts this week, enabling the country’s largest—although considered by experts to be far too small—produce-safety testing program to continue.

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EMA Seeks Stronger Pradaxa Guidance for Bleeding Side Effects

Regulators in Europe have again asked Boehringer Ingelheim, the manufacturer of the blood thinner Pradaxa, to update the drug’s label with additional information regarding Pradaxa bleeding side effects. According to the European Medicines Agency (EMA), the new guidance should include more specific information on when Pradaxa must not be used, ...

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Pradaxa Named in Most FDA Adverse Event Reports for Deaths, Hemorrhage, Kidney Failure and Stroke

The controversial blood thinner, Pradaxa, surpassed all other drugs monitored by the U.S. Food & Drug Administration (FDA) in adverse event reports made to the agency last year. According to the Institute for Safe Medicine Practices’ (ISMP) latest QuarterWatch report, Pradaxa also topped the list for reports of deaths, ...

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Do Vitamin Drinks Pose Health Risks?Do Vitamin Drinks Pose Health Risks?

Do Vitamin Drinks Pose Health Risks?

Scientists are concerned vitamin drinks are contributing to levels of vitamins and other nutrients that are not only unnecessary, but potentially harmful.

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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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Indiana Woman Alleges Serious Injuries From Transvaginal Mesh Products

Parker Waichman LLP, a national law firm, just filed a lawsuit on behalf of a woman who suffered injuries after receiving transvaginal mesh implants. The lawsuit suit alleges that the transvaginal mesh created an unreasonable risk and directly caused her injuries.

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Medtronic Plans Layoffs, as Infuse Bone Graft Controversy Continues to Weigh on Spinal Business

Medtronic’s spinal division continues to take a huge hit thanks to the controversy surrounding its Infuse Bone Graft product. According to a report from MassDevice.com, the company’s latest earnings report stated that the division saw Infuse sales decline 26% in the first quarter of 2012, and now Medtronic is talking ...

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First Bard Avaulta Transvaginal Mesh Lawsuit Scheduled for February Trial in MDL

The first test trials in the federal C.R. Bard Avaulta transvaginal mesh litigation will most likely start next year, according to a report from Bloomberg News. About 600 lawsuits involving Bard Avaulta transvaginal mesh products are currently pending in the multidistrict litigation underway Charleston, West Virginia. U.S. District Judge Joseph ...

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Louisiana Whistleblower Lawsuit Revived

Louisiana Whistleblower Lawsuit Revived

A state appeals court in Louisiana has ruled that a former employee of Rapides Parish Coliseum can proceed with a whistleblower lawsuit against the Coliseum Authority.

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FDA Warning for Bone Graft Products in Patients Under 18

FDA Safety Warning for Bone Graft Products in Patients Under 18

FDA issued safety alerts to patients, parents & guardians, bone graft devices w/recombinant proteins or synthetic peptides not to be the first treatment for 18 & under.

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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

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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

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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

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