Is Bankruptcy A Way Out For Puerto Rico?

In mid-2014, laboring under a public debt that exceeds its gross domestic product (GDP), Puerto Rico attempted to enact special legislation that would allow its public sector corporations to seek bankruptcy protection and give them an opportunity to restructure those debts. Many of its large creditors were not happy. Three major investment firms sued in federal court to have the law overturned.

The plaintiffs in the case needn't have worried – too much.

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More Corporate Scofflaws – Drug Companies Not Reporting Results of Clinical Trials

According to Section 801 of the Food and Drug Administration Amendments Act (better known as  “FDAAA 801”), clinical trials on new medications and medical devices must be reported to the federal registry at within twelve months of completion, or face “civil monetary penalties and, for federally funded studies, the withholding of grant funds”. Those “monetary penalties,” assessed thirty days after the sponsor of the study in question receives notification, are $10,000 a day until compliance.

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Let Nothing Stand In The Way of Trucking and Making Money!

When an industry is well into its ninth decade of existence and has become an integral part of the economy, you would think that new technologies and more enlightened rules and regulations would have greatly increased job safety. You would be wrong.

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Distracted Driving Could Be Stopped

It’s a regrettably common thing to see, driving down the road; a teenager on their cell phone oblivious to the drivers and traffic around them. It’s a growing problem and one that could be fixed by device manufacturers.

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Safety Alert Newsletter

Levin Papantonio is rolling out a new online newsletter to keep the public informed of breaking news related to health and safety concerns, such as major recalls, alerts, safety issues, and proposed legislation impacting consumer rights.

The Safety Alert Newsletter will be emailed every two to three weeks and will provide specific information regarding current safety issues involving a broad array of products, prescription medication, and services that have been found to pose a danger to the public.

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Mutual Fund Billionaire Is Accused of Defrauding Investor

Charles B. Johnson built the publicly traded mutual fund business Franklin Resources into a holding company with a $34 billion market value. He has also pledged $250 million to his alma mater Yale. He may also have defrauded the heir of one of the earliest investors in Franklin Resources out of $150 million.

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Is Puerto Rico Going Bankrupt?

The island of Puerto Rico is neither a sovereign nation, a state, nor strictly speaking a U.S. territory – although it has been under U.S. control for going on 120 years. Its residents are considered U.S. citizens, yet they cannot vote in U.S. elections, and have only limited representation in Congress. Except for federal employees and members of the U.S. military, Puerto Ricans pay no federal income tax, but do have their own elected governor and legislature.

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Ed Schultz to Cover the BP Oil Spill Saga on MSNBC

Starting Monday, February 16th, The Ed Show on MSNBC will be airing nightly segments recorded on the Gulf Coast about the ongoing struggle of residents affected by the 2010 BP oil spill. These segments will feature interviews with residents, business owners, and Levin Papantonio’s Mike Papantonio. The show airs nightly on MSNBC at 5pm eastern. Clips will be featured on the day after each segment airs.

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Court Appoints Lead Attorneys for Xarelto Injury Lawsuit

The Court presiding over all the consolidated federal lawsuits related to Xarelto bleeding injuries has appointed lead counsel for the Plaintiffs’ Steering Committee. In Pretrial Order #7 signed by the Hon. Eldon E. Fallon, both  Brian H. Barr of the Levin Papantonio law firm and Andy D. Birchfield of the Beasley Allen law firm were appointed as co-lead counsel to head a core group of twelve law firms that will litigate the case on behalf of injured plaintiffs.

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