Blow

Alabama Legislators Strike a Blow to Diversity and Inclusion Programs on College Campuses

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Montgomery, Alabama – The Alabama Legislature recently passed SB129, a new law set to go into effect on October 1st that will eliminate diversity, equity, and inclusion (DEI) offices from college campuses and other public entities. This legislation is one of 11 anti-DEI bills passed across nine states since the beginning of 2023. It is a move that threatens the progress made towards fostering inclusivity and understanding within educational institutions. Governor Kay Ivey defended the law and criticized DEI initiatives as a platform for liberal politics, stating, “I refuse to allow a few bad actors … Read more

Texas Judge Moves Lawsuit Challenging CFPB’s $8 Credit Card Late Fee Rule to D.C., Dealing Blow to Credit Card Industry

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FORT WORTH, Texas – In a blow to banks and credit card issuers, a Texas judge has agreed to move a lawsuit challenging the Consumer Financial Protection Bureau’s $8 credit card late fee rule to the District of Columbia. The ruling by Judge Mark T. Pittman is a setback for the U.S. Chamber of Commerce and five other trade groups that sued the CFPB in March to stop the rule from taking effect on May 14. The CFPB accused the trade groups of engaging in “forum shopping” by filing the case in Texas to find … Read more

Reckitt Benckiser Group Plc Faces Historic Blow as Enfamil Baby Formula Verdict Shakes Stock Market

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(Chicago, Illinois) Consumer goods company Reckitt Benckiser Group Plc saw a drastic 15% drop in its stock following a jury’s decision to award an Illinois woman $60 million in damages. The verdict, which came in the first trial of its kind in the United States, stated that Reckitt Benckiser’s Enfamil baby formula was responsible for the death of the woman’s premature baby. This significant blow resulted in the company’s stock closing at its lowest level in a decade, erasing a staggering £5.4 billion ($6.9 billion) in market value. The ruling carries considerable implications for Reckitt … Read more

Philadelphia Jury Awards Historic $2.25 Billion in Roundup Cancer Case, Dealing Blow to Bayer

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Philadelphia, Pennsylvania – Last year, a Philadelphia jury made headlines by awarding $2.25 billion in damages in a case that linked the popular Monsanto weed killer, Roundup, to a cable technician’s blood cancer. This verdict marked the largest in the ongoing litigation surrounding the controversial herbicide. Corporate parent Bayer had already allocated over $10 billion in 2020 to settle approximately 125,000 cases, many of which were consolidated in California. Initially, Bayer found success in winning nine individual lawsuits that went to trial in 2021. However, the tide turned when juries began to deliver substantial awards … Read more