Legal News Articles - Consumer Fraud
September 26, 2017. By Lucy Campbell.
Washington, DC: Bayer has announced that it is taking its female sterilization device, Essure, off the market in all countries where it is currently marketed and sold, except the US. The company said it was taking this action due to commercial reasons, and not because of allegations of side effects associated with the device.Read [ Bayer Pulls Essure Birth Control Device From All Countries Except US ]
September 12, 2017. By Lucy Campbell.
Washington, DC: 3M’s , Bair Hugger, the subject of some 2600 defective products lawsuits across the US, has received clearance for use from the US Food and Drug Administration (FDA). According to a spokesperson for the FDA, the agency has no conclusive evidence to establish an association between use of a forced air thermal regulating systems and an increased risk of surgical-site infections.Read [ FDA Clears Bair Hugger for Post-Surgical Use ]
September 8, 2017. By Lucy Campbell.
Philadelphia, PA: A $57.1 million verdict has been awarded against the makers of defective TVT Secur mesh, Johnson & Johnson and its subsidiary, Ethicon. The award breaks down as $50 million in punitive damages and $7.1 million in compensatory damages for plaintiff Ella Ebaugh, a Pennsylvania resident, according to court documents.Read [ $57.1M Ethicon TVT Secur Mesh Verdict Awarded ]
September 8, 2017. By Anne Wallace.
Atlanta, GA: Only a nut would sue for $35. Banks count on that when they boost overdraft fees through a technique known as “debit resequencing.” The 2010 changes in banking law that were part of Dodd-Frank have failed to kill the practice. It persists even after a $35 million class-action settlement over Union bank excessive overdraft fees in 2011. One of the banks’ newer schemes to keep this revenue source producing has been to force consumers out of class-action lawsuits and into costly individual arbitration. Only a nut would arbitrate over $35.Read [ Banks Fight Excessive Overdraft Suits with Bid for Arbitration ]
September 7, 2017. By Gordon Gibb.
Camden, NJ: A former employee of Cooper Health System in New Jersey has filed a whistleblower healthcare fraud lawsuit after the paramedic claims he was fired for raising concerns about poor treatment of patients, potential billing fraud and other allegations related to regulatory violations.Read [ Whistleblower Alleges Healthcare Fraud in Lawsuit ]
September 7, 2017. By Lucy Campbell.
Washington, DC:: Federal investigators have revealed a massive scheme by Insys, maker of Subsys, a sprayable form of fentanyl, to mislead insurers and boost sales of the opioid. The congressional investigation is led by Sen. Claire McCaskill, a Democrat from Missouri, where deaths by opioid overdose have more than doubled between 2005 and 2014.Read [ Insys Faked Cancer Patients to Get Fentanyl Sales ]
September 3, 2017. By Gordon Gibb.
Bridgeport, CT: An overdraft fees class action lawsuit appears to be breaking new ground, and creating even bigger waves in the pool of complaints over excessive bank fees; namely, re-ordering transactions in such a way as to force an account into overdraft, thereby affording the offending bank the opportunity to pocket additional fees.Read [ Disgruntled Connecticut Account Holder Sues People’s United Bank over Fees ]
August 3, 2017. By Gordon Gibb.
Washington, DC: In January, 2015 Capital One resolved a class action lawsuit over excessive bank overdraft fees for $31.7 million (In re: Checking Account Overdraft Litigation, case number 1:09-md-02036, in the U.S. District Court for the Southern District of Florida). And that Capital One excessive overdraft fees lawsuit was not unique: a rather large cross section of the banking and credit union industries have been called to the litigation carpet for excessively high fees, re-ordering transactions to generate even more fees, and so on.Read [ Republican Lawmakers Want to Retract New Consumers Rights to Excessive Bank Fees Class Actions ]
August 2, 2017. By Brenda Craig.
New York, NY: The US Securities and Exchange Commission (SEC) has been relentless in its pursuit of wrongdoers in the financial industry. Since 2011 it has recovered $975 million in enforcement actions ranging from elaborate investment schemes to financial advisors that work to benefit themselves rather than investors.Read [ Tipsters Play Huge Role in Rooting Out Financial Fraud ]
July 31, 2017. By Lucy Campbell.
Santa Clara, An in-depth investigative piece in the Washington Post highlights the considerable adverse health effects, even pregnancies, that thousands of women have experienced and continue to experience as a result of having Bayer’s Essure contraceptive devices implanted.Read [ Women Speak Out About Essure Health Problems ]