Category: Financial News
Generic Drugmakers Accused in Price-Fixing Conspiracy
Twenty states have filed a lawsuit against a group of generic drug manufacturers for allegedly conspiring to fix prices on an antibiotic and a diabetes medication, in violation of federal antitrust law.
Report: Turf Company Knew Fields Fell Apart, Sold Them Anyway
A company that made millions selling high-end artificial turf fields to U.S. taxpayers and school districts knew they might not last 10 years, as advertised. Critics say the rubber infill may also contain lead and toxic chemicals that could harm...
[BREAKING] $1 Billion Awarded in Metal Hip Implant Trial
Six people who were injured by a metal-on-metal hip implant made by Johnson & Johnson were awarded over $1 billion by a federal jury in Dallas, Texas.
J&J Faces 13,000 Risperdal Lawsuits Over “Man Boobs”
Juries have awarded $75 million to boys who were prescribed Risperdal "off-label" as young children and grew female breasts, a condition also known as gynecomastia.
Bitcoin Basics: 5 Things You Need to Know About the World’s Most Popular Cryptocurrency
Bitcoin is changing the way monetary transactions are conducted on a global scale. Here are five things you need to know about the future of money in the digital age.
Girl Who Got E. Coli At Petting Zoo Awarded $7.5 Million
A jury in Minnesota awarded $7.55 million on behalf of a 10 year-old girl who was infected with E. coli at a petting zoo on a pumpkin farm.
Season’s Beatings: Black Friday Deals Turn Holiday Shoppers into Crazed Animals
Black Friday kicked off this year’s annual orgy of seasonal spending, with bargains so great they brought out the worst in deal-crazed holiday shoppers.
Toys ‘R’ Us Pulls Tonka Trucks Due to Fire Risk
Toys R Us stops selling a ride-on Tonka truck after a family in Washington state said it burst into flames in the back of their actual pickup truck on the way home from the store. Good thing it wasn't under...
Oklahoma Town Hit By Earthquakes Sues Fracking Companies
An Oklahoma town hit by the largest earthquake in state history has filed a class action lawsuit accusing 27 energy companies of triggering the quakes by injecting fracking-wastewater on unstable fault-lines.
Saudi Arabia Warns Trump Not to Block Oil Imports
Saudi Arabia is cautioning President-elect Donald Trump against carrying out a threat to cut off all U.S. purchases of the kingdom's oil reserves.