Consolidation

El Salvador Shifts Focus to Wealthy Investors with New Bitcoin Law Amidst Power Consolidation

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San Salvador, El Salvador — In a significant policy shift three years after adopting Bitcoin as legal tender, El Salvador has introduced a new law targeting high-net-worth and institutional investors. The recent developments reflect an effort to reshape the cryptocurrency landscape in the country, allowing only a select group of investors to access digital asset services. The Legislative Assembly’s newly enacted Investment Banking Law enables licensed financial institutions with a minimum capital of $50 million to offer services related to Bitcoin and other digital assets. However, entry into this market will be limited strictly to … Read more

Pfizer Seeks Consolidation of Depo-Provera Litigation in Pennsylvania Court Amid Growing Mass Tort Claims

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HARRISBURG, Pa. — Pfizer has filed a request for coordination of lawsuits related to the contraceptive Depo-Provera, seeking to consolidate cases as a mass tort in Pennsylvania state court. The company is facing increasing legal challenges regarding the birth control injection, with plaintiffs alleging severe side effects and health complications. The move comes as more individuals assert that they have suffered serious adverse effects after using Depo-Provera, including significant weight gain, bone density loss, and other long-term health issues. These allegations have sparked concern among users and advocates alike, leading to numerous claims being filed … Read more

Uber Faces Surge in Sexual Assault Lawsuits, Class Action Consolidation as Allegations Mount

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San Francisco, CA – Hundreds of Uber passengers have alleged in a class-action lawsuit that they were sexually assaulted by their drivers, sparking broad legal scrutiny and demanding accountability from the rideshare giant. The cases have been consolidated into a multidistrict litigation (MDL) under “In re: Uber Technologies Inc., Passenger Sexual Assault Litigation – MDL No. 3084”, which as of August 2024 encompasses nearly 400 claims and is expected to surge into the thousands. The lawsuit accuses Uber of failing to conduct sufficient background checks on drivers, lacking adequate safety measures, and prioritizing rapid expansion … Read more