A class-action lawsuit might be taking shape against Geico auto insurance company. When the insurer announced its 15% “Geico Giveback” premium discount program in April, consumers understood it would reflect the dramatic reduction in driving during the COVID-19 crisis. Consumers, however, think the country’s second largest auto insurer undelivered on its promise, and they have taken legal action.
In September 2019, the U.S. Food & Drug Administration reported that at least 12 women had died from breast implant associated anaplastic large cell lymphoma (BIA-ALCL)—a rare cancer of the immune system—caused by textured breast implants and tissue expanders made by Allergan.
In a press release announcing second-quarter earnings, Bayer AG reported that it has reserved $1.47 billion (1.25 billion euros) for the potential settlement of Essure contraceptive device lawsuits filed against the company. Some of the funds set aside will be used in settlement for other lawsuits the company faces.
A federal court judge ruled on Friday, July 24, 2020, that 3M created designs for its Combat Arms Earplugs, Version 2 (CAEv2) without U.S. military input, and so the company cannot use the government contract defense at trial.
In planning their legal strategy, 3M lawyers aimed to invoke the government contract defense, which protects companies from facing liability for defective products that are designed and produced for the federal government.
On April 1, 2020, the Food and Drug Administration told companies to stop selling Zantac, and they further urged consumers to throw away any form of the heartburn medicine that might be sitting in household medicine cabinets.
Most stores had already taken Zantac, also known as ranitidine, off their shelves last September when the FDA announced that the drug contains a type of carcinogenic nitrosamine (N-nitrosodimethylamine, or NDMA).
Will the coronavirus crash the stock market? Who knows. But Peter J. Mougey says considering that “once in a lifetime” market crashes now happen once a decade, you’re better off worrying about investment issues you can control. Here, he shines a light on bad, life-ruining advice many investors get—and what you can do to recognize and avoid it.
Is Your Portfolio Still Down More Than 10 Percent in the Coronavirus Stock Market? Then Your Advisor Has Some Explaining to Do!
Peter Mougey says you should never accept the "whole market is down" excuse from your advisor. He debunks some common misconceptions about what "the market" really is, what real diversification looks like, and how to push back if you're down more than 10 percent.
Keeping Calm in the Coronavirus Market: Eight Guidelines to Help You Make Smart Decisions (at Every Age)
Peter Mougey explains how to avoid knee-jerk, fear-based reactions; how to talk to your financial advisor; and how to make sound decisions that fit your unique circumstances.
The market has been super volatile lately. With the coronavirus still wreaking havoc, economic ups and downs, and an election on the horizon, that's not likely to change any time soon. If you're retired or nearing retirement, investors' rights advocate Peter Mougey says you might want to look at a) what's happening with your performance, and b) the make-up of your portfolio.
If you’re making withdrawals from your retirement account, you need to understand the math behind your financial advisor’s strategy. Peter Mougey says you should make sure they are following three critical math rules.
Retirees who make regular withdrawals from their portfolio have specific risks that younger investors don't need to worry about. That's why it's so important to understand the math behind what you're doing—especially in a time of market turmoil like the one we're in now.
If you're making withdrawals from your retirement account, you need to ask yourself (and your adviser) some tough questions—and to take a good hard look at the numbers.
No doubt about it: The market has had a brutal couple of months. It’s upsetting to check your retirement account and see that some sectors are down as much as 40-50 percent. Granted, some weeks of upswings have been a welcome respite — but is the downward pressure over?
Yale School of Public Health epidemiologist Zeyan Liew and his fellow researchers have identified per- and polyfluoroalkyl substances (PFAS) as a risk factor for miscarriage.
These “forever chemicals” are so called because of their long-term staying power in the human body. The chemicals can survive and collect for decades—both in people and in the environment.
More than 51 percent of small businesses who responded to a survey report they have suffered serious negative impact from COVID-19, according to a study conducted by the U.S. Census Bureau. More than 30 percent of respondents say they expect their businesses will feel the effects of the virus for more than six months.
A Minnesota student has filed a class-action lawsuit against Duke University claiming that he and other enrolled students paid the defendant for a “comprehensive academic experience” and instead got something “far less,” as stated in the complaint.
In May, as millions of quarantined and socially deprived Americans turned bored eyes to their smartphones, legal storms began to brew for TikTok, an app for sharing short-form mobile videos. The legal actions center on the company’s use of biometric data and other information collected from the network’s 800 million active monthly users.
Since the early 1900’s Johnson & Johnson has proudly advertised its Johnson’s Baby Powder as “Best for the Baby—Best for You.” Although the massive, multinational company continues to stand by this message, it has finally conceded to others who disagree by discontinuing sales of its talc-based baby powder in North America.
The Levin Papantonio law firm is part of a team of law firms heading up litigation to hold hotels and other businesses accountable for their role in facilitating human trafficking.
Although their first request to centralize the litigation was denied by the United States Judicial Panel on Multidistrict Litigation (JPMDL), advocates for survivors continue to push ahead in various jurisdictions across the country fighting for the rights of women and children trafficked on hotel properties and by hotel brands allowing the abuse to continue for years.
There is good progress being made in regards to holding businesses accountable that profit from human trafficking. In December 2019, the first plaintiff to file against a hotel or motel for its role in a trafficking case settled with the Massachusetts motel where she was held captive. The survivor in this case told media the case was more about accountability because employees at the motel saw her in distress and did not help her.
When the markets are down, high yield funds (closed-end “junk” bonds) suffer more than other investment instruments. This is precisely what is happening today.
High yield closed-end funds (CEFs), sometimes referred to as “junk bond funds,” usually trade on stock exchanges, and so supply and demand typically drive their prices. As we experience decreasing confidence and growing instability in the markets, CEF junk bond net asset values (NAVs) are taking a serious hit.