In the wake of a buying and selling frenzy, Irish drugmaker Allergan has been subpoenaed by the Department of Justice (DOJ) over antitrust concerns regarding the pricing of its generic drugs. Last week, the company announced a $40.5 billion selloff of its generics unit to the global generic market leader, Israeli-based Teva Pharmaceuticals. That deal
As shocking as it may seem, a leading Senate Republican, with the support of the National Rifle Association (NRA), are teaming together to promote legislation that would make it tougher for mentally ill persons to acquire firearms. On Wednesday, Senate Minority Whip John Cornyn (R-TX), the second-most powerful person in the Senate, introduced a bill
On Wednesday, a three-judge panel from the 4th Circuit Court of Appeals in Richmond, Virginia ruled that the Fourth Amendment requires law enforcement officials to obtain a warrant before searching historical location data from a person’s cell phone. The case involved defendants Aaron Graham and Eric Jordan, who were accused of several Baltimore-area robberies. The
Dodd-Frank strikes again, as the Security and Exchange Commission (SEC) adopted a rule on Wednesday to require most public companies to report the comparison of pay between employees and Chief Executive Officers. The commission voted 3-2, with the two Republican commissioners objecting the mandate to include the comparison in a company’s annual audited financial statement
A hyperbolic attempt by Republicans to defund Planned Parenthood was blocked in the Senate on Tuesday after a series of sting videos showed the agency selling aborted fetal tissue to fake medical researchers causing outrage among the social conservative wing of the party. The anti-abortion group, the Center for Medical Progress, released four videos in
The Security and Exchange Commission (SEC) is treading on thin legal ground, according to Manhattan District Judge Richard Berman, due to the agency’s use of an in-house judicial system. On Monday, Berman refused to dismiss a lawsuit filed by embattled former Standard and Poor’s (S&P) supervisor, Barbara Duka, who was accused of securities fraud by
Strict liability generally holds all persons in the chain of distribution for component parts or final products strictly liable to any consumer or ultimate user of the product for any harm caused by their defectively designed or manufactured products. There is an exception to this rule if a product has been substantially changed; for a
The New York Times paid tribute yesterday to a man whose death nearly went unnoticed in a national sense, but whose life needs to be celebrated. Dr. Donald L. Rasmussen died on July 23rd in Beckley, West Virginia at the age of 87. According to his stepdaughter, Julia Holliday, Dr. Rasmussen died from complications following
Although the 12 countries involved in the Trans-Pacific Partnership (TPP) nearly wrapped up the final negotiations of the agreement this week in Hawaii, a few major roadblocks have caused the countries to leave empty-handed. The Hawaii round was expected to be the final negotiating session after nearly five years of talks between the U.S., Japan,
7/31/2015 The U.S.’s fundamental national healthcare program Medicare, as well as Medicaid officially turned 50 years-old on Thursday. President Lyndon Johnson signed an amendment to the Social Security Act which set the programs into law on July 30th, 1965. Medicare, the landmark program for seniors, now enrolls 55.2 million Americans. While a recent Kaiser Family