Protecting What's Right

Incoming CP CEO Bob Dudley is expected to discuss the company’s long-term recovery plan in the Gulf of Mexico during a news conference in Mississippi on Friday.

BP also announced Friday that it will set up a $100 million charitable fund to support unemployed oil rig workers experiencing economic hardship due to the deepwater drilling moratorium imposed by the Obama administration.

The announcement came after about 250 attorneys gathered in Boise, Idaho for a hearing Thursday with the federal Judicial Panel on Multidistrict Litigation (MDL) on the venue where the oil spill cases will be consolidated, as well as the judge or judges who will preside over the litigation. The panel of seven judges is expected to issue a decision in August.

The U.S. Court of Appeal for the 9^th Circuit has reinstated a class action lawsuit brought against banking giant Capital One for unfair competition and deceptive lending.  The charges are based on the company offering a “fixed rate” on credit cards without giving consumers clear and conspicuous warnings that the rate was subject to increases.

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Boston Scientific Corp. has issued an advisory warning physicians that some models of its implanted heart defibrillators have an observed failure rate of one in 670 devices.  Approximately 34,000 patients have the implanted defibrillators, which were manufactured in 2006 and 2007.  The devices are no longer sold.

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