Price

Class-Action Lawsuit Claims DXC ‘Selectively Timed’ Job Cuts to Inflate Short-Term Profit Target

A less kind publication may refer to the legal eagle as an ambulance-chaser, trying to drum up interest from current or previous DXC stock owners. The class action, which names DXC shareholder Jason McLees as lead plaintiff, is being brought on behalf of investors that bought DXC stock “pursuant to and/or traceable to the company’s April 2017 registration statement and prospectus” – which is …


Suit: Generic Drug Makers Used Code to Fix Price Increases

BOSTON — Representatives of some of the nation’s largest generic drug manufacturers used code words to collude with competitors to divvy up market share and coordinate price increases according to a federal lawsuit. In another email, representatives from three companies talk about coordinating “polite f-u” letters in 2014 in response to a congressional probe into price increases in the generic …


Lawsuit: US Pharmaceuticals Company Bribed Doctors

A whistleblower lawsuit accused a US pharmaceuticals giant of lavishly bribing doctors and their staff to increase sales of a drug, offering them Starbucks gift cards, free Las Vegas trips and sponsored happy hours to prescribe it even for potentially unsafe uses. The company is Mallinckrodt and the drug is H.P. Some of these uses are “unapproved, unsafe and potentially ineffective,” according …


TGI Fridays Off Hook for Drink Price Gouging Class-Action, but Not Carrabba’s

The state Supreme Court has ruled that a class action against Carrabba’s Italian Grill can proceed, while sinking a similar class-action lawsuit accusing TGI Fridays of price gauging customers. Patrons of the restaurant chains alleged the establishments failed to post beverage prices and that they were charged one price for their first drink and a different price for their second …


OMEGA (OME) Alert: Johnson Fistel Investigates Proposed Sale of Omega Protein Corporation; Are Shareholders Getting a Fair Price?

Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Omega Protein Corporation (NYSE: OME) (“Omega Protein”) breached their fiduciary duties in connection with the proposed sale of the Company to Cooke Inc. Omega Protein develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide.


Settlement Approved: Wells Fargo Customers Will Get $50 Million for Overcharged Mortgage Fees

Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 will soon receive their share of a $50 million settlement stemming from allegations that Wells Fargo overcharged borrowers for Broker Price Opinions during that period. The settlement, which was initially announced in October, stems from a class action lawsuit against Wells Fargo that claimed that the bank …


What Makes Mylan’s Newest EpiPen Lawsuit Different?

Mylan N.V. (NASDAQ: MYL), which has faced a plethora of lawsuits in the past over its EpiPen, is now being saddled with another lawsuit, although this time around the parties involved go beyond the company and the plaintiffs. EpiPen And Its Legal Tussle EpiPen, or an epinephrine auto injector is a medical device which is used to inject a measured dose of epinephrine through autoinjector …


Racketeering Class Action Suit Filed Against Mylan for EpiPen Prices

A class action lawsuit has been filed against Mylan alleging the company violated consumer protection laws and the Racketeer Influenced and Corrupt Organization Act by upping the price of the epinephrine auto-injector. Amber Rainey, Christina Kollmeyer and Lisa Vogel filed the lawsuit April 3 in the U.S. District Court for the Western District of Washington. The plaintiffs claim …


The Maker of the EpiPen Is Being Sued Under a Law That’s Typically Used to Take on Organized Crime

Mylan CEO Heather Bresch holds up an EpiPen while testifying on Capitol Hill in Washington, Wednesday, Sept. 21, 2016, before the House Oversight Committee hearing on EpiPen price increases. AP Christina Kollmeyer’s son has a allergy that requires him to carry an EpiPen, the emergency auto-injecting devices available that can be used to treat severe allergic reactions. When Kollmeyer, who has …


Hospital Illegally Overcharged Patients for Medical Records: Suit

One of the city’s top hospitals is gouging patients for copies of their medical records — charging them twice what the law allows, according to a new class-action lawsuit. The illegal move, which potentially affects thousands of patients, came to light when 72-year-old retiree Vicky Ortiz sought copies of her records from NewYork–Presbyterian Columbia University Medical Center, her Manhattan …