Staff, Author at Legal Reader

Volkswagen Emissions Fallout Begins: and it’s Really, Really Bad

September 22, 2015

Tangible damage has already begun on a grand scale for the company since the announcement, as its stock has plunged over 35 percent by midday trading on Tuesday, including closing down 18 percent on Monday, already dropping the company’s value by nearly $17 billion even before Tuesday’s announcement. The scandal and costs associated with EPA-ordered recall will likely cost the company at least that much factoring in federal penalties from the U.S. as well as in other nations. In addition, the amount of civil liability and class-action lawsuits could also range in the billions.

Study Finds Nearly 96 percent of Deceased NFL Players had CTE

September 21, 2015

In total, the researchers from the nation’s largest brain bank examined 165 brains of people who played football professionally, semi-professionally, or in college or high school while living. The brain bank is run as a joint venture between the VA and the university. They found 131 of the brains showed some evidence of CTE, including the 87 NFL pros.

FBI Launches Investigation into 1MDB Malaysia State Development Fund

September 21, 2015

Najib and Malaysian authorities have undergone exhaustive means to curtail the domestic investigation into allegations that the prime minister funneled money from the fund into his personal account through Swiss banks and the Middle East. The regime gutted the committee appointed to investigate the allegations, shut down a news source, replaced the deputy prime minister and attorney general, and arrested former members of Najib’s political party, including Khairuddin Abu Hassan as he was preparing to travel to the U.S. to urge investigators to help with the probe.

California Judge Rules for UFW in Battle against Gerawan Farming

September 20, 2015

Soble ruled that the ballots will not be counted, writing, “As a result of the employer’s unlawful support and assistance, I am setting aside the decertification election and dismissing the decertification petition.” Gerawan attorney Ron Barsamian admitted to the violation, however claiming that it was not the crux of the issue, saying “The payment to the decertification petitioners to go to Sacramento was from a source outside Gerawan and may be a technical violation, but it also fails to consider the fact that they were going anyway. The money didn’t make them decide.” The case became the lengthiest labor hearing ever in the state of California, involving over 100 witnesses and six months of testimony.

Will Industry Ties Hamper Nominee for FDA Commissioner?

September 20, 2015

Dr. Califf, a cardiologist, has been serving as the FDA’s deputy commissioner for medical products and tobacco since he joined the agency in February, divesting interest in his pre-FDA activity. Although he has donated his proceeds from private industry to nonprofit groups since the mid-2000s, Dr. Califf has taken some form of financial support from over 20 companies according to a disclaimer added to the end of a European Heart Journal article he penned last year. His financial disclosure form for 2014 alone lists consulting fees provided to him from seven companies, and his salary at Duke was funded in part by drugmakers Merck, Novartis and Eli Lilly.

EPA to Volkswagen: Das Cheaters!

September 19, 2015

The company faces a potential $37,500 fine by the EPA for each Clean Air Act violation. That could lead to the automaker facing as much as $18 billion in federal penalties in total. To put that in comparison, General Motors just agreed to a $900 million federal penalty on Thursday after a Justice Department criminal investigation over its ignition-switch defect that led to at least 124 deaths, and Toyota agreed to a $1.2 billion penalty last year after several deaths were attributed to an acceleration defect.

House Committee Clears Major Hurdle to Repeal Crude-Oil Ban

September 18, 2015

The bill is expected to easily pass the Republican-led House, however it faces a much stronger challenge after that. President Barack Obama has refused to lend his support to the bill, stating that oil-export decisions are made by the executive-controlled Department of Commerce, and that the Department can decide on its own to lift the ban. Still, the president has loosened restrictions in recent months, allowing Shell to drill in a new area off of the Alaska coast and allowing additional oil trade to Mexico. The bill may not reach Obama’s desk anyway, as key Senate Democrats are poised to prevent it from being brought to a vote in that chamber.

Settlement Reached in Police Shooting of Former MLB Player’s Son

September 18, 2015

Tolan’s mother Marian said about the resolution, “Though I still have my son, I’ve had to watch his dreams and part of his spirit die. We’ve given up so much as a family for a chance at justice, a chance at peace, a chance at being whole again. This has been a horrific experience.” While the attorney for the Tolan family Daryl Washington told reporters outside the courthouse, “As Mrs. Tolan has said and as Robbie has said on many occasions this is not about black versus white this is about right versus wrong,”

FDA Grants Bristol-Myer’s Kidney Cancer Drug ‘Breakthrough’ Status

September 17, 2015

Opdivo was first approved in Japan in July 2014 for the treatment of melanoma and nivolumab was approved by the European Commission this past July for the treatment of lung cancer. The FDA also approved Opdivo for the treatment of melanoma in December and lung cancer in March. In addition to being granted breakthrough designation prior to its two FDA approvals, it has also been given the status for the treatment of Hodgkin lymphoma.

GM, Justice Department Tentatively Agree to Ignition-Switch Settlement

September 17, 2015

It is likely that General Motors got off easy both in comparison to Toyota and to future corporate federal prosecutions. Last week, Deputy Attorney General Sally Q. Yates announced major policy changes in the Justice Department for corporate investigations, focusing on prosecuting individuals who are responsible for wrongdoing instead of offering the deferred agreements and taking financial penalties in lieu of criminal charges. The change in policy discourages the probationary deferred prosecution agreements and requires companies to point out wrongdoing by specific employees to receive any kind of prosecutorial credit.GM as a company had been charged with felonies, according to the New York Times, sources familiar with the settlement say no individuals will be charged in the agreement.

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