DOJ charges hundreds in nationwide health care, opioid fraud schemes
More than 400 people, including doctors, pharmacists and nurses, have been charged in connection with a massive health care fraud scheme that bilked the federal government of more than $1 billion, federal officials announced Thursday.
About a quarter of those
Drugmakers and distributors face barrage of lawsuits over opioid epidemic
The companies that manufacture and distribute highly addictive painkillers are facing a barrage of lawsuits for the toll their product has taken on communities across the country as the worst drug epidemic in U.S. history continues to escalate.
Within the past year, at least 25 states, cities and counties have filed civil cases against manufacturers,...
Automakers out billions on Takata deal
Automakers around the world likely will be stuck with billions of dollars in recall losses now that airbag supplier Takata Corp. has filed for bankruptcy.
Takata's Japanese customers will feel the most pain. Honda, Toyota and Nissan combined have earmarked more than $10 billion to cover their share of the massive global recall of defective...
Takata winds down, but recall goes on and on
Last week's Takata Corp. bankruptcy filing should shield the Japanese airbag supplier from some financial liability, but it does virtually nothing to speed the U.S. airbag inflator recall that is frustrating manufacturers and auto dealers.
Automakers say two problems in the recall, which began in 2008, continue to bedevil the industry: the ongoing need for...
Judge allows evidence on older GM ignition switches in new bellwether suit
A federal judge on Friday ruled that a plaintiff suing General Motors alleging a defective ignition switch could present evidence about earlier models of the switch that were involved in fatal accidents.
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Medtronic says it’s close to resolving Infuse lawsuits
Medical device giant Medtronic PLC has told investors that the company is ready to close the book on one of its biggest and longest-running legal headaches, involving the controversial back-surgery product Infuse.
Infuse includes a genetically engineered protein that causes bones to fuse rapidly after lower back pain surgery. Thousands of patients claim the chemical...
Westchester fish business has ‘repeatedly’ been contaminated with listeria, Manhattan U.S. attorney charges
A Westchester County business “has repeatedly been contaminated” with the potentially life-threatening listeria bacterium, the Manhattan U.S. Attorney’s office says in a civil lawsuit filed Tuesday.
The Smokehouse of New York, located in Mamaroneck, has had listeria monocytogenes outbreaks due to a “persistent failure to operate their business in compliance with federal health standards,” the...
Takata’s New Chinese Owner Emerges as Big Auto-Safety Player
Wang Jianfeng has been on an epic acquisition tear over the past decade, assembling a formidable auto parts empire in China with $4 billion in revenue.
Now, the 46-year-old Wang, founder and chairman of Ningbo Joyson Electronic Corp., is about to pull off his biggest deal yet: a $1.59 billion takeover of Takata Corp., the...
What You Don’t Know About Generic Drugs, and How It Can Hurt You
To keep his anxiety under control, Peter, a 35-year-old government employee, relied for nine years on a blue-and-white pill he popped every night before bed: Cymbalta, made by Eli Lilly & Co. When a generic version came on the market, offering the chance to save money, he switched.
It didn’t work out. The old symptoms...
Medtronic warns on button glitch with MiniMed 640G insulin pump
Medtronic (NYSE:MDT) issued a field safety notice in May, warning users that keypad buttons on its MiniMed 640G insulin pump may become temporarily stuck when the atmospheric pressure around the pump suddenly increases or decreases – like during air travel.
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