Companies

New Lawsuit Filed Against Companies Involved in Terrifying Boat Crash Near Port Miami, Leaving Multiple People Injured

by

Miami, Florida – A new lawsuit has been filed in Miami against the companies involved in a frightening boat crash that occurred near Port Miami last month, leaving more than a dozen people injured. Stephanie and Matthew Camarato were passengers on the Thriller tour boat on February 11 when they were struck by a 43-foot charter boat, the Obelix. Attorney Jack Hickey, who is representing the Camaratos, described the devastating incident, stating, “Everybody’s having a good time one minute. The next minute their lives are shattered, changed forever.” The lawsuit alleges that Stephanie Camarato, a … Read more

Tech Companies Ready to Ride the IPO Wave, Fueled by Reddit’s Successful Market Debut

by

San Francisco, California – Reddit Inc.’s recent successful initial public offering (IPO) is expected to have a significant impact on the tech industry, according to Rick Kline, a partner at law firm Latham & Watkins who played a key role in guiding the $748 million transaction. In an interview, Kline highlighted the transformative nature of the Reddit IPO, stating that “last week will change things.” Kline pointed out that the rise of artificial intelligence (AI) will be a driving force behind increased IPO activity in the tech sector. However, he also emphasized that investor interest … Read more

Rising Opposition to Restrictive Covenant Agreements Sparks Federal and State Actions: Impact on Companies and Employees Revealed

by

MILWAUKEE, WI – The use of restrictive covenant agreements by companies to safeguard their business interests is facing scrutiny from federal and state governments. Despite bipartisan efforts in Congress falling short, federal agencies and state legislatures are actively pursuing measures to limit the implementation of such agreements. In 2016, the Federal Trade Commission (FTC) and Department of Justice (DOJ) released their Antitrust Guidance for Human Resource Professionals, focusing on no-poaching and wage-fixing agreements that fall under antitrust law. This guidance allowed employers to defend their restrictive covenants by proving the necessity of protecting legitimate business … Read more

Pharmacy Benefit Managers and Drug Companies Face Lawsuit for Inflating Insulin Prices, Targeting Vulnerable Patients in Indiana

by

Indianapolis, Indiana – The Attorney General of Indiana, Todd Rokita, has filed a lawsuit alleging that pharmacy benefit managers (PBMs) and drug companies have colluded to maintain high insulin prices. Rokita claims that these companies are exploiting vulnerable individuals in need of this vital medication. The lawsuit does not specifically name the drug company Eli Lilly, even though it settled a class-action lawsuit last year over allegations of insulin price fixing for over $13 million. Among the companies named in the lawsuit are Caremark PCS and CVS Healthcorp, both associated with CVS, one of the … Read more