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Drug & Device News
State and City Bring Joint Claim Against Drug Manufacturer
New York City's Mayor Michael R. Bloomberg and New York State Attorney General Andrew M. Cuomo filed a joint lawsuit Sept. 17 against Merck & Co. Inc., the maker of Vioxx'. The suit, which charges that the company misrepresented the dangers of Vioxx use to patients, is the first joint suit for Medicaid fraud ever brought by New York City and the State of New York. The suit seeks damages, civil penalties and restitution for the millions of dollars taxpayers spent on Vioxx prescriptions, which the plaintiffs claim would never have been spent had the State's doctors been informed of the dangers of Vioxx use. Mayor Bloomberg said of the suit, 'This is another step in the City's continuing litigation effort to recoup the millions of dollars in overcharges by pharmaceutical companies to the Medicaid program for prescription drugs, and to protect the safety and health of New Yorkers. Drug companies are on notice that engaging in this type of behavior just isn't worth it.'
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.