Archive for Lawsuits

22 Mar 2013
Lawsuits

Securities Fraud Class Actions against Life Sciences Companies on the Rise

securities fraud class actionsAccording to a recent survey conducted by Dechert LLP, securities fraud class action lawsuits against publicly traded life sciences companies are on the rise. They published the findings of their survey in a seven page report titled Publicly Traded Life Sciences Companies in the United States Remain an Increasingly Popular Target of Securities Fraud Class Action Lawsuits.

In their survey, they determined 28 lawsuits were filed in 2012 against life sciences companies, up 9% from the previous year. They cite different cases and the nature of the claims. Dechert concludes there could be more such lawsuits in the future because the Supreme Court recently lowered the standard for plaintiffs seeking class certification.

Dechert LLP is an international firm with offices in the United States, Europe, Asia, and the Middle East. Their practice areas include mergers and acquisitions, corporate finance, and white collar defense.

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14 Feb 2013
Lawsuits

$63 Million Verdict Awarded to Family in Motrin Lawsuit

$63 Million Motrin VerdictAccording to various news reports, Johnson & Johnson is going to pay Samantha Reckis and her parents $63 million for the damage she suffered after taking Children’s Motrin. This is less than the $109 million that was recommended by the jury.

Reckis, now a teenager, took the drug in 2003 when she was 7 years old. She suffered a rare side effect which caused blindness and the loss of 90 percent of her skin. She suffered from toxic epidermal necrolysis, which can be potentially fatal when it inflames the throat, mouth, eyes, esophagus, intestinal tract, respiratory system, and reproductive system.

Within the $63 million settlement, Reckis’ parents are going to receive almost $7 million each and Samantha is going to receive $50 million in compensatory damages.

Written by Lulaine Compere

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12 Feb 2013
Lawsuits

10 Biggest Verdicts of 2012 (Infographic)

The verdicts with the biggest payouts in 2012 comprised some of the largest patent cases in United States history, cases of medical malpractice, and some very big companies acting badly. The top 3 verdicts involved patent infringement with verdict amounts of $1.7 billion, $1.05 billion, and $1 billion. Two of the top ten verdicts involved nursing home abuse and neglect.

Reaching a settlement or verdict does not always equate to getting paid your legal fee or award. For plaintiff’s attorneys working on a contingent fee basis, there is often a delay in payment of legal fees associated with settled cases. This can create serious cash flow problems. Fortunately, there are specialty legal finance companies that offer post-settlement funding, also known as fee acceleration.

RD Legal Funding is one such company that has been a leading provider of post-settlement advances for well over a decade. They purchase unpaid legal fees from settled cases. Unlike personal loans and bank financing, there are no monthly interest or principal payments, nor are there any upfront fees or points. There are no restrictions on how the money can be spent, and RD Legal has robust financial resources to finance fees between $20,000 and $20+ million.

If you are an attorney facing cash flow issues due to slow-paying legal fees or a plaintiff waiting for your award, give RD Legal a call at 1-800-565-5177, or visit legalfunding.com and fill out the brief online application. RD Legal only funds settled cases and does not take any pre-settlement risk. Attorney post-settlement funding is their specialty.

Top 10 Biggest Verdicts of 2012

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31 Jan 2013
Lawsuits

Stryker Hip Recall Infographic

Metal on Metal Hip implant Complications
Courtesy of: Stryker Hip FAQ
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28 Sep 2012
Lawsuits

Church Accountant Sues Good Tidings Gospel Chapel

crossAccording to DNAINFO.com, a former parishioner of the Good Tidings Gospel Chapel is suing the church and its top leaders for kicking him out. According to the lawsuit, Patson Agard was kicked out publicly from the church after its leaders publicly announced Agard was stealing from the church coffers.

According to Agard, up until then, he enjoyed a reputation of honesty and good character. After the allegations were made, he was stripped of his title and membership in the church. The amount Agard is seeking has not been announced.

Written by Lulaine Compere.

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26 Sep 2012
Lawsuits • Videos

Mega-Church under Investigation for Sex Abuse Allegations

The New York Times reported a story on September 20th about the Victory Christian Center, a mega-church based in Oklahoma facing sex abuse allegations from some of its youngest parishioners. This isn’t the first time mega-church officials have been subject to such allegations.

According to the Times and other news sources, former employee Chris Denman was arrested for raping two girls-one 13 and the other 15 years old. Another former employee, Israel Shalom Castillo, was charged with making a lewd proposal to a child, and the daughter-in- law and son- in- law are charged with failing to report the assaults.

Most recently, Pastor Eddie Long of the New Birth Missionary Baptist Church faced similar allegations, which he settled with the accusers. The accusers in that case won a large settlement and avoided trial, but their lives have been forever altered because of what happened to them and the media scrutiny that came with the case.

Victims of these kinds of cases should know that litigation funding is an option, on both a pre-settlement and post-settlement basis. Trials can be long, tedious, and very expensive. Legal funding advances can help keep the plaintiffs afloat during a difficult time.

Written by Lulaine Compere.

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26 Sep 2012
Lawsuits • Videos

$7 Million Popcorn Lung Lawsuit

According to several media outlets, Wayne Watson is going to get $7 million from Gilster-Mary Lee Corporation, Kroger, and Dillon Foods over developing “popcorn lung.” Watson apparently ate microwave popcorn twice a day for 10 years, and he says he developed “popcorn lung” as a result.

Popcorn lung is a fatal respiratory disease that develops in workers that work with the chemical diacetyl. In some cases it can cause constrictive bronchiolitis which can scar the lung and block off air. The jury awarded Watson the money after almost two days of deliberations.

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21 Sep 2012
Lawsuits • Videos

$1.2 Billion Pink Slime Lawsuit

Mother Jones magazine reported about a lawsuit Beef Products International is bringing against ABC News and three whistleblowers. The allegations are that the news stories ABC did led some of the company’s biggest customers to stop buying their products, forcing them to shut down 75% of their plants. The company is seeking $1.2 billion in damages.

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19 Sep 2012
Lawsuits

Whistleblower Receives $104 Million from IRS

The Internal Revenue Service made news when they announced a whistleblower is going to receive $104 million for his information and work against Swedish bank UBS. According to news reports, whistleblower Bradley Birkenfeld revealed to the U.S. Justice Department numerous people avoiding taxes in the United States.

He has helped the government recover up to five billion dollars. The United States government has put a renewed emphasis on whistleblowers and getting more to come forward.

Written by Lulaine Compere.

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19 Sep 2012
Lawsuits

Queens Woman Sues NYC PD over Botched Restraining Order

A Queens woman is suing the New York Police Department for $10 million for allegedly botching enforcement of a restraining order. Apparently, the woman filed a restraining order against her son’s father and ex-lover Daniel Paguay.

According to news reports, the restraining order was not entered in the system and Paguay stabbed and raped her at knife point. She apparently needs a walker and has not been able to recover, struggling financially, emotionally, and physically.

Written by Lulaine Compere.

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