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A series of three verdicts for plaintiffs, the most recent occurring in December 2015, may present significant litigation issues for Johnson & Johnson and its subsidiary, Janssen Pharmaceuticals. The suits were all based upon claims that the manufacturer failed to provide adequate warnings regarding Risperdal gynecomastia ' a condition that involves abnormally enlarged male breast tissue, especially among adolescent boys. With approximately 1,600 cases still pending, Johnson & Johnson may be expected to decide sometime this year whether to continue with the defense of its product in a continuing series of trials, or to explore the possibility of a global settlement. It is a decision process complicated by the venue for these matters in Pennsylvania's Philadelphia County, well-known (and well loved) by plaintiff counsel nationwide.
This article reviews the verdicts thus far, the regulatory framework in issue ' including the role of former Federal Food and Drug Administration (FDA) Commissioner David Kessler ' and the factors that may influence the decision to continue the litigation battle or to seek a global resolution.
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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.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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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.