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‘Pharma Bro’ Firm Reaches $40M Settlement in Gouging Case
SACRAMENTO, Calif. (AP)–A company once owned by “Pharma Bro” Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4,000% after obtaining exclusive rights to the drug, … Source: Claims Journal
Read MoreNTSB: Poor Planning Led to Deadly Texas Pipeline Blast
CORPUS CHRISTI, Texas (AP)–Inadequate communication, planning, and risk management by a dredge operator likely led to the cutting of a liquefied propane pipeline and an explosion that killed five people at a Texas port last year, the National Transportation Safety … Source: Claims Journal
Read MoreMediator Ousted in Boy Scouts Bankruptcy; Deadline Extended
DOVER, Del. (AP) –The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator, saying a court filing by the Boy Scouts raised questions about his impartiality. Judge … Source: Claims Journal
Read MoreClaims Business: Sedgwick, Davies and Claimatic
Sedgwick Buys Housing Firm and Legal Administration Service Sedgwick has acquired two new subsidiaries: Temporary Accommodations, an Atlanta-based firm that finds temporary lodging for policyholders while their homes are being restored; and JND Legal Administration, which provides administration services for … Source: Claims Journal
Read MoreViewpoint: Lessons Learned From Hostile Vehicle Incidents
Several instances involving hostile vehicles striking the public in recent years resulted in numerous deaths and injuries. Whether intentional or accidental, these cases highlight the importance of having a comprehensive security program for public spaces and events. The latest tragedy … Source: Claims Journal
Read MoreUS Auto Safety Agency Presses Tesla on Video Game Feature
WASHINGTON — Expressing concern about distraction-affected vehicle crashes, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it is discussing with Tesla Inc the electric carmaker’s software update that lets users play video games on a touch screen … Source: Claims Journal
Read MoreJ&J Kept Quiet on Popular Diabetes Drug as Red Flags Multiplied
RARITAN, New Jersey–Gathered for an emergency meeting, the Johnson & Johnson drug safety team painted an alarming scene: People taking the company’s new blockbuster diabetes drug were falling gravely ill. The drug, Invokana, had been on the market less than … Source: Claims Journal
Read MoreAbbVie Unit Settles New York Opioid Case For $200M as Trial Winds Down
Drugmaker AbbVie Inc agreed to pay $200 million to settle claims by New York that it helped fuel an epidemic of opioid addiction in the state, on the day jurors were expected to hear closing arguments at the end of … Source: Claims Journal
Read MoreDangerous Storm Threatens Havoc Across Hawaiian Archipelago
HONOLULU (AP) — From the empty shores of Oahu’s Waikiki Beach to the snowy summit of the Big Island’s highest peak, an unusually strong winter storm is clobbering the Hawaiian Islands and raising the threat of dangerous flash floods, landslides … Source: Claims Journal
Read MoreNavy Suspends Use of Military Tank Farm Above Hawaii Aquifer
HONOLULU (AP) — The U.S. Navy announced Monday that it has suspended use of World War II-era fuel tank farm above a Hawaii aquifer that supplies nearly 20% of Honolulu’s drinking water. Navy Secretary Carlos Del Toro made the announcement … Source: Claims Journal
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