While virtually anyone can fall prey to investment fraud carried out through by way of a telemarketing scam, the elderly are the most vulnerable. One of the reasons is because seniors are more likely to have substantial nest eggs, making them a tempting target for scammers. Another reason: the generation that came of age between the early 1930s and around 1950 were often raised to be more polite and trusting.
Public Citizen: “FDA Must Stop Manufacturers' Off-Label Promotion of Dangerous Diabetes Medications”
Janssen Pharmaceutica has allegedly been engaging in illegal marketing tactics for its diabetic medication Invokana – and consumer advocacy organization Public Citizen has called them out on it.
According to auto safety advocates, actual traffic safety is not a big priority in the current transportation bill making its way through Congress. In fact, it's apparently so bad that Senator Richard Blumenthal (D-CT) is calling it “an atrocious assault on safety.” It's also being described as a lobbyist's fondest dream come true. According to the Oregonian, the new transportation bill is lobbyists' “best shot in years at getting policies their clients like or blocking regulations they don't” – meaning that Corporate America is likely to get almost everything it wants.
A review article published this month in the New England Journal of Medicine reports that as many as ten percent of elderly Americans are victims of some type of abuse. It is an issue that has received little attention until recently. Since the issue of elder abuse was first addressed in medical literature forty years ago, studies have revealed “high rates of interpersonal violence and aggression toward older adults,” according to the authors. They also acknowledge that the problem may be worse than reported.
The growing use of forced arbitration has been Corporate America's dirty little secret – until recently. The creation of a private, secretive, parallel system of “justice” (if it can be called that), favoring large corporations over consumers and essentially shielding businesses from any liability or consequences of their behavior, has been an ongoing process for several years.
In Spanish, there is an expression that “we are between the sword and the wall.” It is an apt description of the situation faced by Puerto Rico Governor Alejandro Padilla. Currently, the U.S. territory owes $73 billion to its creditors. To make matters worse, the Puerto Rican treasury is in the red to the tune of $370 million, and has already spent another $400 million borrowed in order to keep its government in operation. Puerto Rico also faces a $355 million revenue shortfall for the current fiscal year.
As part of an ongoing series on various types of financial and securities fraud and how to protect yourself, this article will discuss one of the most venerable con games around: the infamous “Ponzi Scheme.”
As if the headlong charge for “tort reform” wasn't bad enough, politicians are now interfering in medical malpractice cases. Former Texas governor and presidential candidate Rick Perry appears to be leading the way. Recently, the Dallas News revealed that as governor of the Lone Star State, Perry used his political influence – across state lines, no less – in order to please a couple of campaign donors. One of them is a surgeon who was under investigation by the state medical board – until Governor Perry intervened.
Workers who have not been paid in full for all hours worked can file a legal claim against an employer under both federal and state law. Under the federal Fair Labor Standards Act, workers have a right to no less than $7.25 per hour.
Recently, we at Levin Papantonio gave readers some pointers on how to recognize the warning signs indicative of financial fraud. In this article, we begin describing the various schemes that individuals and even financial services companies are using to bilk unwary clients out of millions of dollars every year.
Is Janssen Pharmaceutica Looking For New Markets For the Diabetes Drug Invokana, Despite Alleged Dangers and Lawsuits?
Invokana (canagliflozin) has been implicated in elevated risks of diabetic ketoacidosis (dangerous blood acidity), kidney failure, and more recently, osteoporosis (loss of bone density). Lawsuits involving Invokana against drug manufacturer Janssen allege that company executives were aware of these dangers and failed to warn consumers and the medical community.
Elder abuse, already a serious problem in the U.S. and other countries, is likely to become worse as the general population gets older. This is the prediction of deputy district attorney Paul Greenwood of San Diego. Greenwood, a specialist in elder abuse cases, recently addressed a forum on elder abuse in Hillsboro, Oregon. He predicts that elder abuse is “going to become as serious a problem in this country as child abuse and domestic violence ever was,” adding, “At the moment, I think the crooks are winning – and we’d better do something to redress that balance.”
If recent actions on the part of Honda Motors and company shareholders are any indication, Takata's days may be numbered. Airbags manufactured by the Japanese-based company have been implicated in at least eight deaths and over a hundred serious injuries due to faulty design as the result of cost-cutting efforts.
Wade Ayer describes his late sister Julie as “a vibrant personality...the type of lady that could command a room.” In September of 2003, Julie Ayer Rubenzer, aged 38, went into for what is usually a routine cosmetic surgical procedure. However, once she went under anesthesia, she never woke up again.
Hardly a week goes by without a new media story about financial fraud. Also known as stock, investment and securities fraud, the term covers a wide range of illegal and unethical deceptive practices in which investors – primarily those with little expertise or knowledge of markets and financial instruments – are duped into making decisions to buy or sell securities based on false information.