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Author Archives: Bloomberg News

Merck loses $8 million verdict in trial over Fosamax

Merck & Co. lost a second trial to reach a verdict over claims its osteoporosis drug Fosamax causes so-called jaw death. The jury set damages at $8 million. A jury in New York ruled against Merck on Friday in the ...

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Philip Morris $100 million punitive verdict reversed

Philip Morris USA won a ruling from the Oregon Supreme Court blocking a $100 million punitive damage verdict awarded to the husband of Michelle Schwarz, an Oregon woman who died of lung cancer in 1999. The court Thursday ordered a ...

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Pfizer rejected in menopause drug case

The U.S. Supreme Court rejected Pfizer Inc.’s appeal of a verdict for an Arkansas woman who blamed the company’s menopause drugs for her breast cancer, leaving intact a $2.7 million award that may grow with punitive damages. The justices on ...

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Emanuel signed defense of Blagojevich for grant

President Barack Obama’s chief of staff, then a congressman in Illinois, apparently attempted to trade favors with embattled Illinois Gov. Rod Blagojevich while he was in office, according to newly disclosed e-mails obtained by The Associated Press. Obama’s chief of ...

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Pillsbury Winthrop hires lawyers from Nixon Peabody

Pillsbury Winthrop Shaw Pittman, a San Francisco-based law firm, said it plans to hire as many as 20 corporate attorneys from law firm Nixon Peabody, at least the third group to leave that firm since May 1. The attorneys, who ...

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New hips gone bad expose kickbacks in doctors’ conflicts

A stabbing pain in the hip forced Mark Hirschbeck to abandon his post at third base during an April 2003 game between the Arizona Diamondbacks and the Colorado Rockies. He was 42, among the best umpires in professional baseball and ...

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Oil spill suits spread to states beyond Gulf Coast

BP Plc faces more than 225 lawsuits in 11 states as litigation from businesses, individuals and investors continues to increase almost two months after the Deepwater Horizon oil rig exploded. In addition to scores of claims brought in five states ...

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Lawyer who helped terrorist may re-ceive ‘enhanced’ term

Attorney Lynne Stewart, convicted of helping an extremist cleric pass messages from prison to terrorist followers, deserves an enhanced sentence because of statements she made after her conviction and sentencing, U.S. prosecutors said. A federal appeals court in New York ...

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BP bankruptcy would offer no protection from costs

BP, whose potential liability for the Gulf of Mexico oil spill has lawmakers and analysts raising the specter of bankruptcy, would be unlikely to avoid paying claims by seeking court protection, restructuring experts said. The spill, the worst in U.S. ...

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Apple under growing pressure to ease software limits

Apple Inc., under growing scrutiny from antitrust regulators, may have to loosen restrictions on software developers and music labels to avoid legal wrangling with the government and prevent damage to how its brand is perceived by the public, lawyers and ...

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Banks face short-sale fraud as home ‘flopping’ schemes spread

Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Sergio Natera and Anna McElaney are scheduled to be sentenced in Hartford’s federal court in August ...

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