Risk

Future at Risk: Will 2024 See the Collapse of Major Mass Tort Bankruptcies?

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Washington, D.C. — As the calendar flips to 2024, the corporate legal landscape is fraught with uncertainty surrounding mass tort bankruptcies, a trend that garnered significant momentum but faced several roadblocks throughout the previous year. These judicial restructurings, typically initiated by companies embroiled in extensive liability lawsuits, such as those involving asbestos or opioid-related cases, showed signs of faltering under increased scrutiny and complex legal challenges. Legal experts suggest a key factor in the stumbling performance of these bankruptcy filings has been the heightened judicial skepticism. Courts are increasingly wary of attempts by large corporations … Read more

“Legal Battles Intensify: Numerous Lawsuits Claim Invokana Medication Linked to Increased Risk of Severe Leg and Foot Amputations”[embed]https://www.youtube.com/watch?v=GBtR8CPYOHw[/embed]

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WASHINGTON — A significant number of lawsuits have been filed against pharmaceutical giant Johnson & Johnson, along with its subsidiary Janssen Pharmaceuticals, alleging that the diabetes medication Invokana is linked to severe leg and foot amputations. Patients and legal advocates argue that the companies failed to adequately warn users about the risks associated with the drug. Invokana, approved by the U.S. Food and Drug Administration (FDA) in 2013 for the treatment of type 2 diabetes, has been under scrutiny after research showed an increased risk of amputations, particularly involving the toes and middle of the … Read more

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