Timeline: How Takata’s air-bag scandal erupted
Japanese air-bag manufacturer Takata filed for bankruptcy protection late Sunday. The company has faced massive costs associated with defective air bags, which can explode upon deployment, hurling fiery shrapnel into drivers and passengers. The defect, which triggered the largest recall in U.S. history, been linked to at least 16 deaths and more than 180...
How Big Tobacco-style marketing propels U.S. opioid crisis — and powers $400B pharma industry
Meet the "Mad Men" of the new millennium.
This legion of pill-peddling pitchmen launched a campaign that became a multi-billion dollar success — and, critics say, an unmitigated national disaster.
Since 1995, when the federal government approved Purdue Pharma's new opioid OxyContin, the nation’s drug manufacturers enjoyed a windfall of profits.
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Teleflex says Venture Cath recall is FDA Class I
Teleflex (NYSE:TFX) subsidiary Vascular Solutions today updated on a voluntary recall of its Venture Catheters over issues with excess material on the devices, saying that the FDA labeled it as a Class I recall, it’s most serious designation for recalls.
Class I recall designations, the FDA’s most serious classification of recall, are used when there...
GM says settles many lawsuits over ignition switches
General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday.
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Pared-down Lavern’s Law passes in Albany, giving cancer victims more power to fight malpractice
ALBANY — More victims of misdiagnosed cancer are about to get their day in court.
The Legislature on Wednesday passed a scaled-back version of Lavern’s Law that would start the window to bring medical malpractice cases involving cancer when an error is discovered by the patient, not when the mistake occurred, as under current law.
Choking hazard prompts Britax to recall 207K child car seats
Car seat and stroller manufacturer Britax announced this week that it is recalling more than 200,000 car seats after customers reported that seats’ chest clips can break, posing a choking hazard for young children.
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Bard, Covidien settle more than 130 pelvic mesh cases
C.R. Bard (NYSE:BCR) and several subsidiaries of Medtronic (NYSE:MDT) unit Covidien settled more than 130 product liability lawsuits brought over pelvic mesh products.
The lawsuits were part of multi-district litigation being overseen in the U.S. District Court for Southern West Virginia. last week and yesterday Judge Joseph Goodwin dismissed 134 of the cases with prejudice...
Supreme Court tightens rules on class-action lawsuits
The Supreme Court on Monday issued a ruling that makes it more difficult for plaintiffs attorneys to look for friendly locations for their lawsuits, a practice known as “court shopping.”
The court reversed a lower-court decision on class-action lawsuits, ruling that hundreds of defendants who sued Bristol-Myers Squibb in California over injuries associated with the...
Getinge’s Maquet, Datascope recall select IABPs over electrical issues
The FDA today released information on a select voluntary recall from Getinge‘s (PINK:GETI B) Datascope and Maquet of its System CS100, CS100i and CS300 intra-aortic balloon pumps over issues with potential electrical test failures.
Datascope said they received a complaint in which the device failed to initiate therapy, resulting in a patient death. The complaint...
What to expect in defective air bag maker Takata’s looming bankruptcy
Troubled auto supplier Takata is tumbling toward a widely expected bankruptcy filing following a costly scandal that has killed at least 16 people worldwide.
The Japanese supplier recently pleaded guilty in a U.S. court to criminal charges for its handling of the scandal, which involved exploding air bags.
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