Bayer AG said it had settled 1,042 lawsuits over its recalled anti-cholesterol drug Baycol out of court, which was linked with over 100 deaths, in August 2001.
“We have settled several cases scheduled for the beginning of July in Oregon and Mississippi. As far as we know there are no other cases going to trial in […]

The proposed asbestos trust fund, which would eliminate all asbestos litigation and instead pay asbestos cancer victims from a set schedule based on their disease, has increased in size to $153 billion. Senators agreed to the additional $45 billion in financing in an effort to win support from Democrats and increase the likelihood the trust […]

Some 300 companies that issued initial public stock offerings during the Internet bubble agreed to pay $1 billion to settle a class-action lawsuit brought by thousands of investors who say they were victims of fraud. The New York Times reported that, “the settlement provides a guarantee that investors who bought initial public offerings form 1998 […]

The Recording Industry Association of America said it plans to release a barrage of civil lawsuits against people who are illegally offering to “share” substantial amounts of copyrighted music over the Internet. The RIAA said it plans to go after the biggest offenders first by slapping them with lawsuits as early as mid-August.
The RIAA said […]

In effort to combat identity theft, which experts say is on the rise, a new California law will require companies to notify their customers if their personal digital data, including name and social security number, driver’s license number or credit card number and password, has been stolen or acquired by an unauthorized person. Affected customers […]

Studies of dietary supplements have come under growing scrutiny ever since Cytodyne Technologies, maker of Xenadrine RFA-1, was found liable in a class-action lawsuit and ordered to pay $12 million for making exaggerated and false claims about its product’s safety and effectiveness.
The New York Times reported that Superior Court Judge Ronald L. Styn said […]

The Food and Drug Administration warned against prescribing the popular anti-depressant Paxil to children for major depression because the adult drug may increase the risk of suicide or suicide thinking in this age group. The FDA’s warning came a week after British regulators warned about Paxil’s possible risk to children.
The FDA said through a statement […]

Autopsy results indicate 43-year-old Donna Kulp died Jan. 24 from an allergic reaction to the anit-wrinkle drug Botox. Kulp went into cardiac arrest while receiving a Botox injection and died shortly after. The report lists the probable cause of death as Anaphylactic shock associated with Botox/Lidocaine injections.
“Everyone’s had an allergic reaction. This is the extreme […]

British drug regulators warned doctors against prescribing GlaxoSmithKline’s antidepressant Paxil to children, after new research released by an independent group of scientists showed an increase in the risk of suicide or suicidal thinking among younger patients when Paxil was prescribed.
“There is an increase in the rate of self-harm and potentially suicidal behavior in this age […]

Medical devices manufacturer EndoVascular Technologies Inc., a subsidiary of Guidant Corp., agreed to pay $92.4 million to settle federal civil and criminal charges and pleaded guilty to 10 felonies, including covering up thousands of incidents in which its product, known as the Ancure Endograft System, malfunctioned and making a false statement to the Food and […]