Phil Law Weblog

Merck & Co. suffered a double setback when a federal jury awarded $51 million to a former user of its withdrawn pain medicine Vioxx, and a New Jersey judge threw out a Vioxx verdict that had favored the drug maker and ordered a new trial.

Another securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of IMAX Corporation between February 17, 2006 and August 9, 2006, charges that defendants violated federal securities laws by issuing [...]

Another class action lawsuit has been filed in the United States District Court for the Northern District of Texas by Lerach Coughlin Stoia Geller Rudman & Robbins LLP on behalf of purchasers of Zale Corporation common stock during the period between February18, 2005 and May 5, 2006 (the “Class Period”), charges Zale and certain of [...]

A three-judge panel of the 8th U.S. Circuit Court of Appeals in St. Louis has rejected class-action status for a lawsuit on behalf of 16 current or former female patients of Nebraska’s three mental health hospitals, alleging that state officials did nothing to stop sexual assaults and other abuse of female patients

A class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock and other securities of IMAX Corporation between February 17, 2006 and August 9, 2006.

Two purported class action lawsuit has been filed against Biomet Inc., by companies and individuals, alleged violations of antitrust law - and it could be served with more complaints.

An agreement by Kaiser Permanente to pay a $2 million fine and make a $3 million charitable donation has been reached after state regulators concluded the HMO’s mismanagement of its Northern California kidney-transplant unit endangered patients

Dynacq Healthcare, Inc. has agreed to settle a $1.5 million shareholder class action lawsuit, which alleged that the defendants violated federal securities laws by publishing materially misleading financial statements that did not comply with generally accepted accounting principles, making materially false or misleading statements or omissions regarding revenues and receivables, operations and financial results, and [...]

A class action lawsuit, filed in Dec. 20, 2005, before Judge Richard J. Holwell in the U.S. District Court for the Southern District of New York, under the Securities Exchange Act of 1934, on behalf of investors who acquired securities of Northwest Airlines Corp. between April 21, 2005 and Sept. 14, 2005 has been voluntarily [...]

A class Action lawsuit has been filed in the United States District Court for the Central District of California, Western Division on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock and other securities of Broadcom Corporation (”Broadcom” or the “Company”) (NASDAQ: BRCM) between July 21, 2005 and July 13, 2006.