Former Louisiana AG Warns Red Cat Shareholders: Key Deadline Approaches for Class Action Lawsuit with Significant Losses

NEW ORLEANS — A recent alert from Kahn Swick & Foti, LLC, a law firm formerly led by Louisiana’s attorney general, is drawing attention to a class-action lawsuit against Red Cat Holdings. Investors who have incurred losses exceeding $100,000 in the company’s shares are being reminded that the deadline for appointing a lead plaintiff is fast approaching. The firm is urging eligible shareholders to consider their options as the deadline for filing claims in the legal action looms. This lawsuit stems from accusations that Red Cat Holdings misrepresented its financial health, leading to significant financial … Read more

New Laws Unveiled: Key Reforms in Insurance, Voting, and Education Set to Transform Louisiana on Tuesday

BATON ROUGE, La. — A series of new laws aimed at revamping insurance policies, enhancing voting transparency, and improving educational standards will take effect on Tuesday. Among the most significant changes are measures designed to alleviate the financial burdens of high insurance rates faced by homeowners and motorists. A new law targeting distracted driving mandates that drivers refrain from using their mobile devices behind the wheel, a move anticipated to help lower auto insurance premiums over time. Additionally, those injured in car accidents will now be required to provide evidence of their injuries before insurance … Read more

Caremark Faces $95 Million Settlement in Pennsylvania as Louisiana Attorney General Launches Legal Blitz Against CVS Health

PITTSBURGH — Caremark, a subsidiary of CVS Health, has agreed to pay $95 million in a settlement following allegations related to its pharmacy practices in Pennsylvania. The decision comes amid rising scrutiny of the company’s operations, particularly regarding its handling of prescription medications and the potential impact on patient care. The Pennsylvania settlement is just one element of a broader legal challenge CVS Health now faces. Louisiana’s Attorney General has initiated three lawsuits against the company, claiming various violations linked to its business practices. These legal actions assert that CVS Health has not only jeopardized … Read more

Louisiana Ethics Board to Live Stream Public Meetings Amid Lawmaker Concerns Over Transparency

BATON ROUGE, La. — The Louisiana Board of Ethics has decided to broadcast its public meetings online, a move prompted by complaints from lawmakers seeking greater transparency in government operations. This initiative aims to enhance accessibility for citizens, ensuring they can participate and engage with discussions surrounding ethics in the public sector. The decision follows feedback from members of the Legislature who expressed concerns regarding the limited public engagement at board meetings, which have traditionally been held behind closed doors. Lawmakers advocated for a solution that would allow the public easier access to the proceedings, … Read more