5/18/15 If there were any doubts about whether or not many banks broke the law while selling bad mortgages to investors or if their clients were merely victims of bad timing, Manhattan Federal Court Judge, Denise L. Cote, would like to eliminate them. Finding Japanese bank, Nomura Holdings and the Royal Bank of Scotland (RBS)
5/18/15 The U.S. Food and Drug Administration (FDA) issued a warning on its website on Friday, May 15th regarding a popular oral type II diabetes class of medications known as SGLT2 inhibitors. The FDA warned that the increasingly popular class of drugs, which help blood sugar to be secreted in urine, has led to ketoacidosis,
Recovery under the WPLA requires proof that the unsafe product was the proximate cause of the claimant’s injuries. A plaintiff seeking to recover must also be aware of the common law defenses to what was the cause of injury because the WPLA does not preempt existing common law defenses, including assumption of risk. Although assumption
5/18/2015 As mentioned in my last post, Google has just launched the first self-driving car onto public roadways near its California headquarters. This comes after the company recently admitted to the vehicles being involved in 11 minor accidents, with no injuries and little damage during 6 years of testing. These revelations confirm many people’s concerns
5/17/2015 Google’s self-driving cars have finally hit public roads as of Friday, May 15th around the company headquarters in Mountain View, California. This comes after 6 years of trials on test tracks and over a million miles of testing. Although working with automakers Lexus, Audi, and BMW, among others during the testing process, Google has
5/15/2015 Politics are getting a little weird these days. Fresh off of Tuesday’s stunning blockage and negotiated do-over on the Trans-Pacific Partnership (TPP), in which President Obama found himself supported by Republicans amid staunch opposition by his own party, the Republican-led House of Representatives overwhelmingly passed the USA Freedom Act by a 338-88 vote. The
5/14/2015 Harper’s Magazine revealed on Tuesday that deepwater drilling is set to resume near the site of the nation’s largest oil spill 5 years ago. The Macondo reservoir, located about 45 miles off of the Louisiana coast, was the site of the 2010 fire and massive BP Deepwater Horizon oil spill left 11 people dead
5/13/2015 In what may be a harbinger of the impending collapse of the large-scale, for-profit, college industry, two executives from ITT Educational Services as well as the company itself are facing charges of fraud from the Security and Exchange Commission (SEC). On Tuesday, the Commission accused Chief Executive Officer, Kevin Modany, and Chief Financial Officer,
5/13/2015 What happened? When 8 pro-trade Democrat Senators left a strategy meeting on Tuesday and announced their opposition to continuing the Trans-Pacific Partnership (TPP) “fast-track” debate at 1pm, it marked the strongest rebuke of President Obama by his own party in his tenure. The resulting 52-45 vote, although technically gaining a majority of votes, will
5/12/2015 A former sales executive for the money transfer service, Intermex, filed a lawsuit last week in Kern County Superior Court in central California, alleging that she was fired for disabling a company-required app on her phone that constantly tracked her motions. Myrna Arias, who worked at the Bakersfield-area company, claims she was fired after