Product News and Recalls

Hedge Fund and Owner to Pay $2.2 Million in Whistleblower Case

A hedge fund, Paradigm Capital Management, and its owner will pay $2.2 million to settle federal charges that the firm set up trades with a conflict of interest, and subsequently fired a high-ranking employee who reported the investment fraud. The Securities and Exchange Commission announced the settlement. This is the first case in which the agency protected a whistleblower under the new anti-retaliation law adopted in 2010.

The whistleblower reported to the SEC that the owner of ...

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Mirena Label Misled Users

New evidence has been uncovered indicating that the warning label for Mirena was not sufficient to warn users of the risk of perforation. Mirena is a hormonal intrauterine device (IUD) manufactured by Bayer and used by millions of women in the United States. In recent years, consumers have filed numerous Mirena lawsuits as a result of harmful complications and side effects.

One dangerous potential complication of Mirena—and the subject of many Mirena lawsuits —is perforation of the uterus. ...

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Antidepressant Use During Pregnancy May Increase Risk of Diabetes, Obesity for Child

A new study suggests that antidepressants used by pregnant women may increase their offspring’s risk of type 2 diabetes and obesity later in life. Certain antidepressants, known as selective serotonin reuptake inhibitors (SSRIs), have already been linked to potential birth defects in the children of pregnant users.

The research, conducted by scientists at McMaster University in Ontario, Canada, was designed to find a connection between the use of antidepressants and the development of fatty liver in the baby. ...

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Family Receives $2.95 Million Alleging Harm by Presence of Fracking

A family in Texas harmed by Aruba Petroleum’s release of dangerous air pollutants from fracking wells received $2.95 million in damages in a recent Texas court decision. This is one of the first successful fracking lawsuits in the U.S. where the plaintiff has received significant compensation alleging a fracking company’s actions has led to detriment to their health.

In March 2011, the family filed a fracking lawsuit against eleven oil and gas production companies, including Aruba Petroleum, ...

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German Company to Pay $650 Million in Pradaxa Lawsuit Settlement

German drug manufacturer, Boehringer Ingelheim, has agreed to pay $650 million to settle Pradaxa lawsuits. Avoiding a trial scheduled for September, the company will settle about 4,000 cases in state and federal courts that claimed the company did not fully warn patients of the potential fatal bleeding that could result from its blood thinning drug. Pradaxa is used by 850,000 people in the U.S. but has been linked to 1,000 deaths, the New York Times reports.

Despite ...

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DePuy Set to Pay $2.5 Million for ASR Hip Implant Settlement

DePuy Orthopeadics, a subunit of Johnson & Johnson, will pay more than $2.5 million to settle metal-on-metal hip implant lawsuits.

The settlement was announced in November 2013, and late last month the company waived its “walk-away rights” and will begin paying plaintiffs.

Patients who had to get a second operation as the result of a faulty or failed ASR hip implant will be receiving payments from the Warsaw-based company. 7,200 American patients agreed to the settlement; this is ...

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