By Louisiana Native and Shareholder Burton LeBlanc The oil spill in the Gulf just keeps getting worse. It’s been more than a month since the spill began and BP still can’t get it under control. Just yesterday I heard reports that the oil is seeping even deeper into our marshes and destroying our wildlife. At [...]
From the beginning oil giant British Petroleum and the U.S. federal government have been clinging to an estimate of 5,000 barrels, or 210,000 gallons, as the amount of oil spewing into the Gulf of Mexico each day. But according to an engineering professor who testified in front of Congress yesterday, that number has likely been [...]
A report by the National Workgroup for Safe Markets urges pregnant women to limit their intake of canned food and drinks, after finding that 92% of food from metal cans is contaminated with bisphenol A (BPA). An estrogen-like chemical, BPA is used in a wide range of products. The National Toxicology Program has stated “some [...]
A Senate panel has approved $22 million to help address the huge backlog of mine safety cases in the aftermath of the West Virginia explosion that killed 29 miners in April. The money would be used to hire more judges and lawyers to resolve the backlog of over 16,000 appeals of mine safety violations. Companies [...]
Knauf Plasterboard Tianjin Co., a manufacturer of tainted Chinese drywall that causes corrosion of major household systems and appliances, has settled a lawsuit with homebuilder Beazer Homes USA. Knauf is also reportedly in settlement talks with other homebuilders. Knauf is facing approximately 200 lawsuits by homeowners and builders over the tainted wallboard. In April, it [...]
The U.S. Food and Drug Administration (FDA) has announced a Class 1 recall of the GE Healthcare Aisys and Avance Anesthesia Systems. Class 1 recalls are considered the most serious, involving situations in which there is a reasonable probability that use of the products can cause serious health consequences or death. The Aisys and Avence [...]
A proposed amendment to the Senate finance regulatory bill would permit shareholders to bring lawsuits against aiders and abettors of corporate fraud, including professional corporate advisors. Such “secondary actors” are immune to private lawsuits under current law; only the Securities and Exchange Commission or the Justice Department can bring claims against them. The amendment, introduced [...]
The Securities and Exchange Commission (SEC) has announced proposed new rules to help thwart a major market disruption in the aftermath of the May 6th trading incident that caused the Dow Industrials to fall almost 1,000 points in under a half hour. Under the proposed rules, trading in a stock would be paused by the [...]
The Food and Drug Administration (FDA) is expanding its investigation of a manufacturing arm of Johnson & Johnson following the recent recall of several popular over-the-counter children’s drugs. Earlier this month, McNeil Consumer Healthcare recalled approximately 50 children’s drugs, including Benadryl, Tylenol, and Motrin. Some of the products may contain incorrect concentrations of ingredients and [...]
Pre-cut romaine lettuce may be the cause of an E. coli outbreak that has sickened at least 23 people in recent months. The strain of E. coli at issue, which is typically found in the feces of cattle and wild animals, has raised questions about the processing practices for pre-cut produce. Pre-cut salad mix is [...]
