The 25-million dollar fine recently levied against financial services and insurance giant, MetLife, demonstrates the need investors have for greater federal protection. MetLife agreed to pay the fine, to settle allegations that the company sometimes overstated the cost of a customer’s variable annuity contract and that the company failed to tell customers a proposed replacement would impact features of their existing variable annuity. The result is that customers ended up paying more annually and had some features of their investment lost or downgraded.
Monsanto Gets Continued Government Approval for its Carcinogen Roundup Using Studies Paid for by Monsanto
Last year, the International Agency for Research on Cancer (IARC), part of the World Health Organization (WHO), determined that glyphosate, the active ingredient in Monsanto's herbicide Roundup®, is a likely carcinogen. This finding has been reinforced by numerous scientific studies demonstrating that glyphosate has a detrimental effect on the human endocrine system (which produces and regulates hormones). This, in turn, can lead to the development of certain types of cancer, particularly of the lymph nodes.
By now, news of the connection between the use of proton pump inhibitors (PPIs) on patients and serious kidney damage has spread widely. Investigation into PPI drugs that include Prilosec and Nexium has just begun, although other safety concerns about PPIs (involving the elevated risk of heart attacks and osteoporosis) were first raised over a decade ago.
It would not be the first time a medical device wound up causing the same problems it was designed to prevent. Case in point: inferior vena cava (IVC) filters, which are now causing deep vein thrombosis - a condition they were designed to prevent.
Talcum powder, a seemingly innocuous substance, has been used by women for various personal and household purposes for well over a century. Suddenly, it is now a cause of action by hundreds of plaintiffs who allege a connection between the use of talcum powder and cancer. Why?
Taxotere (docetaxel) is a chemotherapy drug that is part of the class known as taxanes. This class also includes Taxol (paclitaxel). Both drugs are mitotic inhibitors, meaning that they interfere with the process of mitosis, or cell division. Although these drugs are intended to target malignant cancer cells, they do affect the reproduction of other cells as well – including hair follicles. This is the reason that cancer patients undergoing chemotherapy suffer hair loss.
To hear insurance executives and their right-wing lawmaker handmaidens tell it, as many as 40% of all medical malpractice claims are “frivolous.” It is their argument in favor of “tort reform” and putting caps on malpractice awards.
Essure is a small coil made from the transition metal nickel, designed to be inserted into the Fallopian tubes in order to prevent conception. The device, developed by Bayer subsidiary Conceptus, Inc., was intended to be a less invasive alternative to tubal ligation.
NBC News Asked the Important Question: Why Did Bard Continue Selling a Dangerously Defective Medical Device?
NBC News may be a bit behind the curve, but at least the question has now been posed to the general public. Medical device manufacturer C.R. Bard continued to market and sell a product that was known to be defective, resulting in nearly 30 deaths and hundreds of serious injuries. Furthermore, there is strong evidence that Bard was willing to commit criminal fraud in order to keep the product on the market. The question now being asked is: why?
On December 4, 2015, the U.S. Food and Drug Administration finally updated a safety announcement, first issued the previous May, about the serious side effects of a recently-approved class of diabetic “wonder drugs.” The medications of that class are known as gliflozins, or “sodium-glucose cotransporter-2 (SGLT-2) inhibitors”, the best known being Invokana. The specific side effect addressed in the warning is a condition known as ketoacidosis, in which the blood becomes dangerously acidic.
As if the thousand-and-one forms of abuse that goes on in nursing homes weren't bad enough, ProPublica reports that nursing home workers have been posting “embarrassing and dehumanizing photos” of their patients on social media. The Pulitzer Prize-winning investigative reporting website has revealed 35 instances of “inappropriate social media posts” going back almost four years.
In the wake of what some in the media now call the “diesel dupe,” German automaker Volkswagen AG has retained the services of one of the nation's foremost legal experts in the field of compensation to come up with a plan for handling what could be hundreds of claims over diesel-powered vehicles. Kenneth R.
Less than a month after UBS Puerto Rico was ordered to pay $34 million in order to settle charges of fraud in connection with the sale of Puerto Rico municipal bonds, another giant financial institution has been fined by the Financial Institution Regulatory Authority (FINRA) over nearly identical allegations. Like those at UBS, financial advisers at Banco Santander's Puerto Rico division steered their clients into investments concentrated in high-risk Puerto Rican securities at the same time that said bonds were falling precipitously in value.