Companies

Iowa Attorney General Files Lawsuit Against Makers of ‘Drinkable Sunscreen’

The makers of “drinkable sunscreen” failed to prove their product provides the advertised protection against cancer-causing ultraviolet rays, according to a consumer fraud lawsuit filed this week by the Iowa Attorney General Tom Miller. The lawsuit against Osmosis LLC and Harmonized Water LLC says the companies “recklessly gave consumers hollow assurances that they were protected from known …


Judge Suspends Lawsuit Against Firms Involved in 2015 Brazilian Mining Disaster

RIO DE JANEIRO—A Brazilian judge suspended a nearly $50 billion lawsuit against mining firms responsible for the 2015 Samarco disaster Thursday, as negotiations between the companies and authorities moved forward. The decision came as part of a ruling in which federal judge Mário de Paula Franco Júnior approved a road map toward a final agreement between prosecutors and mining companies Vale …


Brazil Judge Suspends $50B Dam Disaster Lawsuit

A Brazilian judge suspended a nearly $50 billion lawsuit against mining firms responsible for the 2015 Samarco disaster Thursday, as negotiations between the companies and authorities moved forward. The decision came as part of a ruling in which federal judge Mário de Paula Franco Júnior approved a road map toward a final agreement between prosecutors and mining companies Vale …


KC-based Mortgage Lender NovaStar Agrees to $165 Million Settlement of Class-Action Suit

Investors have agreed to settle a nine-year class-action lawsuit against Kansas City-based NovaStar Mortgage Inc. and three Wall Street banks over investment losses tied to subprime mortgages. The settlement calls for a $165 million cash payment from NovaStar Mortgage, Royal Bank of Scotland, Wells Fargo and Deutsche Bank, according to a statement from the investors’ attorneys. All four had …


House Passes Bill That May Lower Food Claim Class Action Suits

The House of Representatives has approved a bill raising the threshold for individuals or groups to bring legal claims against companies in consumer disputes, employment discrimination cases, and other areas. The bill would require individuals seeking to form a legal class to show that each suffered the same type and magnitude of personal injury or economic loss as the group’s leader. …


Software Vendors Face Lawsuit for Unemployment Fraud Debacle

Software vendors behind the Unemployment Insurance Agency’s failed computer system, MiDAS, are at the center of a federal lawsuit filed Thursday. The class action suit names SAS Analytics, Fast Enterprises, and CSG Government Solutions as defendants. Three citizens who experienced unemployment woes are named as plaintiffs and are representing the thousands of people wrongly …


The Costs of Some Drugs Have Skyrocketed and These States Won’t Take It Anymore

South Carolina is now one of 40 states to accuse six drug-makers of conspiring to inflate prices and fix the market for two generic drugs used to treat infections and diabetes, in a federal lawsuit. Attorney General Alan Wilson announced Sunday that the Palmetto State backs the claims echoed nationwide that the companies “entered into illegal conspiracies in order to unreasonably restrain …


Detainees Sue Private Prison for ‘Forced Labor’

The nation’s second largest private prison company is facing some serious legal challenges—and other companies may soon be in the same situation. On Monday, a federal judge ruled that current and former detainees held at an immigrant detention center in Colorado can join a class-action lawsuit against GEO Group, a private prison company. The plaintiffs allege that the GEO Group forced detainees …


Lawsuit Accuses Drug Makers of Conspiring to Hike Insulin Prices

More than 29 million Americans live with diabetes, and for some six million of them, insulin is a life or death medication. Between 2002 and 2013, the price of insulin more than tripled, to more than $700 per patient. A federal lawsuit accuses the three insulin manufacturers of conspiring to raise their prices.


DuPont Settles Lawsuits Over Leak of Chemical Used to Make Teflon

Arathy S Nair DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of Chemours jumped 13 percent. The company said it would pay half of the settlement, although liability for litigation connected with the chemical was passed onto it when DuPont spun it off in …