American Express Company filed on Monday a lawsuit against Visa, MasterCard and eight major banks that are members of the two card associations, seeking monetary damages for the business lost as a result of the illegal, anti-competitive practices of the card associations.
The lawsuit, filed in the U.S. District Court in Manhattan, follows last month’s U.S. […]

Abercrombie & Fitch has agreed to pay nearly $50 million to settle charges that its hiring and employment practices discriminate against Latino, Asian American and African American applicants and employees, the clothing retailer disclosed Tuesday in a quarterly S.E.C. filings report.
The plaintiffs were represented by MALDEF ( Mexican American Legal Defense and Education Fund), the […]

New York Attorney General Eliot Spitzer on Friday filed a lawsuit against a California insurance broker, alleging that the company steered business to insurers in exchange for lucrative payoffs, raising premiums for individual employees.
The action against Universal Life Resources, Inc. (ULR) is part of the Attorney General’s ongoing investigation into fraud and anti-competitive practices in […]

A class action lawsuit was filed against Merck & Company on behalf of participants and beneficiaries of the Merck & Co., Inc. Savings and Security Plan and the Employee Stock Purchase and Security Plan, the law firm Scott + Scott, LLC said in a press release on Wednesday.
The lawsuit, filed in U.S. District Court for […]

A class action lawsuit was filed against Marsh & McLennan Companies on behalf of participants and beneficiaries of the Marsh & McLennan Companies Stock Investment Plan, the law firm Scott + Scott, LLC said in a press release on Wednesday.
The lawsuit, filed in U.S. District Court for the Southern District of New York, alleges that […]

A federal appeals court issued an order affirming U.S. District Court Judge Moreno’s ruling refusing to require arbitration in the landmark class action lawsuit filed by the nation’s doctors against the leading healthcare managed organizations (HMOs), Plaintiff’s Lead Counsel Archie Lamb said in a press release.
“The nation’s doctors are once again on track to present […]

The “powerful” arthritis drug Bextra from drug giant Pfizer increases a patients’ risk of heart attack and stroke, according to preliminary results of a study presented yesterday at the American Heart Association meeting in New Orleans, the New York Times reported on Wednesday.
The study found that patients taking Bextra experienced twice the number of heart […]

Merck & Company said on Monday that the Justice Department has launched a criminal investigation related to the Company’s research, marketing and selling activities with respect to Vioxx, the arthritis drug that it pulled from all worldwide markets on September 30, 2004 after a study confirmed that Vioxx increased the risk of heart attacks and […]

U.S. Food and Drug Administration said on Friday that it plans to conduct an in-depth evaluation of its approach in detecting, assessing, managing and communicating the risks and benefits of prescription and over-the-counter drugs.
Dr. Lester Crawford, acting F.D.A. commissioner, authorized the Center for Drug Evaluation and Research (CDER) to sponsor the Institute of Medicine to […]

Attorney Willie Gary filed on Friday a lawsuit against drug giant Merck & Company and Walgreens, on behalf of Mark Tomlin who suffered heart failure at the age of 49 after taking Vioxx for neck pain.
Tomlin survived the heart attack, but doctors say he suffered so much damage that his life expectancy is in serious […]