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Part 7: Securities Fraud: When "good" Investments Disappear
The nest egg stories
Cases of investment and securities fraud come in many sizes. It is hard not to feel for middle aged and older individuals who have seen their life savings and pension investments shrivel or disappear while under the supposedly watchful eye of some third party.
Latest Lawsuit News & Legal Information
Jury Awards Edwin Hardeman $80.2 Million in Roundup Cancer LawsuitSan Francisco, CA
On March 27, a jury in Hardeman v. Monsanto Co.
, a Monsanto glyphosate lawsuit awarded Edwin Hardeman more than $80 million. A third trial, Pilliod v. Monsanto Co.
is well under way
. Allegations have flown
about untoward jury influence, and U.S. District Judge Vince Chhabria has begun to push the parties’ attorneys toward settlement. Things are now moving very fast in the world of Monsanto glyphosate lawsuits.
Company Execs Indicted for Failing to Report Flammable Dehumidifiers
Simon Chu and Charley Loh, part-owners and former executives of Chinese appliance manufacturer Gree Electric Appliances and a company that imported, distributed, and sold China-manufactured dehumidifiers to retailers, allegedly knew the dehumidifiers caught fire but failed to report and recall (too expensive) the defects for at least six months. According to the indictment, the two men “deliberately” withheld information about the defective dehumidifiers.
Xarelto Settlement of $775 million Over Failure to Warn Claims
Thousands of patients who took Xarelto have settled, through multi-district litigation, with Johnson & Johnson and Bayer for three quarters of a billion dollars. Plaintiffs allege that the manufacturers marketed the drug to physicians to prevent blood clots, but failed to inform them of Xarelto side effects, which could cause life-threatening complications such as internal bleeding, stroke and death.
Google Abandons Forced Arbitration of Employment DisputesMountain View, CA
On March 21, 2019, Google employees were finally freed
from contractual restrictions that forced them to arbitrate employment disputes. This follows widespread protests and challenges under California labor law stemming from the forced arbitration of sexual harassment claims.
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