A New York judge has merged two derivative shareholder suits against Goldman Sachs executives regarding Abacus, the transaction that culminated in a $550 civil fraud settlement with the Securities and Exchange Commission (SEC) earlier this summer. The SEC had accused the company of selling collateralized debt obligations without disclosing to investors that Goldman client Paulson [...]
A lawsuit against pharmaceutical company Wyeth—maker of the diet drug Redux—can proceed, according to a recent decision by the U.S. 6th Circuit Court of Appeal. The appeals court ruled that the estate of a woman who died because of the drug can proceed with its case alleging that the drug maker was negligent in bringing [...]
The U.S. Food and Drug Administration (FDA) has announced an investigation into whether the drug Stalevo, which is used to treat Parkinson’s disease, may increase elderly patients’ risk of heart attack and stroke. The FDA encourages patients taking the drug to talk to their physicians about their risk of cardiovascular disease.
The nationwide recall of millions of eggs due to salmonella contamination has grown to over half a billion and now involves a second farm. Hillandale Farms of Iowa announced on Friday that it was recalling over 170 million eggs due to salmonella contamination. The strain of salmonella affecting the Hillandale eggs is the same as [...]