Risk

Groundbreaking Study Links Depo-Provera to Increased Risk of Brain Tumors, Triggering Wave of Lawsuits Against Pfizer

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New York — A groundbreaking study published in the British Medical Journal in March has linked the long-term use of Depo-Provera, a popular contraceptive shot, to a significantly increased risk of developing meningioma, a type of brain tumor. This revelation has led to a surge in product liability lawsuits as individuals seek compensation from Pfizer, the pharmaceutical giant behind the drug. Depo-Provera is a form of injectable birth control, administered every three months, which has been on the market since its approval by the FDA in 1992. Known generically as medroxyprogesterone acetate, the drug operates … Read more

Bristol-Myers Squibb and State Street Face Legal Action Over Pension Risk Transfer Deal

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NEW YORK — In a significant legal confrontation, Bristol-Myers Squibb and financial services giant State Street are facing a lawsuit involving complex pension risk transfer strategies. The litigation centers on the claim that these corporations failed to uphold their fiduciary responsibilities in managing their employees’ retirement plans. The legal action, initiated by a group of pension plan participants, alleges that Bristol-Myers Squibb and State Street mishandled their pension strategies, resulting in substantial financial losses for plan members. The participants argue that the firms did not act in the best interests of the plan beneficiaries, thereby … Read more

Striking the Right Balance: How Corporate Legal Leaders Navigate Innovation and Risk

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New York — As businesses increasingly rely on technology to push the boundaries of what’s possible, corporate legal departments are finding themselves at a critical crossroads. Striking the right balance between fostering innovation and mitigating risk has become a central challenge for legal professionals in the corporate domain. This balancing act is not only transformative but also fraught with potential pitfalls if not managed carefully. Today’s corporate attorneys are not just legal advisors but strategic partners in innovation. As companies venture into new areas like artificial intelligence, blockchain, and data analytics, the role of legal … Read more

Brazil’s Chief Justice Sets Deadline: Comply by Thursday or Risk National Prohibition

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BRASILIA, Brazil — Brazil’s highest court has issued an ultimatum to X, a significant U.S. technology company, demanding that it comply with a court order by Thursday evening or face a nationwide ban. The ruling, asserting the need for compliance with local laws, underscores a growing global scrutiny over tech giants and their operations across international borders. Chief Justice Luiz Fux, who presided over the case, emphasized the importance of adherence to Brazilian law, particularly concerning data privacy and misinformation. This case marks a notable incidence of a national judiciary asserting its authority over global … Read more