Stockholders suing pharmaceutical distributor McKesson Corp. told a Delaware Chancery Court judge Thursday they had reached a $175 million settlement to resolve claims the company’s board failed in its oversight of opioid sales even after incurring millions in fines for previous compliance failures.
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TOP NEWS

McKesson, Stockholders Reach $175M Deal In Opioid Suit

Stockholders suing pharmaceutical distributor McKesson Corp. told a Delaware Chancery Court judge Thursday they had reached a $175 million settlement to resolve claims the company’s board failed in its oversight of opioid sales even after incurring millions in fines for previous compliance failures.

5 documents attached | Read full article »

Rockwell Inks $3.7M Investor Deal Over Dialysis Drug Claims

Investors have reached a $3.7 million deal with Rockwell Medical to settle claims that the biopharmaceutical company misled them into believing its dialysis drug, Triferic, was poised to dominate the market.

Memorandum attached | Read full article »

DeVos Wants Boosted Contempt Bid Squashed

The U.S. Department of Education has asked a California federal court not to jack up the $100,000 sanction it slapped Education Secretary Betsy DeVos with last year after her department violated a court order by billing thousands of students with loans tied to the disgraced and defunct Corinthian Colleges.

1 document attached | Read full article »

Avon Pregnancy Bias Suit Ends In Settlement

A New York federal judge on Thursday closed the book on a proposed class action accusing cosmetics giant Avon and its North American spinoff of discriminating against pregnant employees after the parties said they had reached a settlement.

Order attached | Read full article »

Ex-Perrigo Exec Slips Investor Suit Over Irish Audit

A federal judge in New York on Thursday trimmed allegations from a shareholders’ action alleging that Irish drug company Perrigo and some of its top executives did not tell investors soon enough about a tax audit in the Emerald Isle.

Opinion attached | Read full article »

Pa. Appeals Court Says Nurses' Wage Suit Dead On Arrival

A Pennsylvania appellate panel shot down a case brought by nurses who claimed a handful of hospitals systematically underpaid them, saying a state trial court lacked jurisdiction over the decade-old suit.

Opinion attached | Read full article »

SECURITIES

Class Fights To Keep Cert. In Crypto 'Miners' Ponzi Case

A class of purported victims of a cryptocurrency mining Ponzi scheme asked a Connecticut federal judge not to take away its certification at the behest of a crypto investor facing secondary liability claims over the scheme.

Memorandum attached | Read full article »

Dycom Says Investors' Suit Is Based On A 'Thin Reed'

Telecommunications infrastructure company Dycom Industries Inc. on Wednesday sought to end a shareholder’s proposed class action against it, telling a Florida federal judge that its investors had gone out on a limb with their allegations.

Motion attached | Read full article »

COMPETITION

Textbook Publishers Accused Of Trying To Kill Resale Market

McGraw-Hill, Pearson Education and other big-name textbook publishers and sellers are trying to drive college resellers out of business by developing a new model for course material that doesn't allow students to buy used books, according to a new proposed class action.

Complaint attached | Read full article »

EMPLOYMENT & BENEFITS

$1.8M Deal Wraps Up Parking Attendants' Health Plan Row

A group of 119 parking attendants are on track to share about $1.8 million now that their employer, Colonial Parking Inc., and its benefits administrator, FCE Benefit Administrators Inc., have settled a proposed class action alleging the companies mismanaged Colonial’s employee health insurance plans.

Settlement attached | Read full article »

Columbia U. Workers Fight To Keep ERISA Class Action Alive

A class of Columbia University workers has urged a New York federal court to adopt a judge's recommendation that their ERISA suit move forward to trial, arguing there was a "myriad of evidence" that the school botched its management of their retirement plans.

Brief attached | Read full article »

Nude Dancer Hits Fla. Club With Wage Suit

A nude dancer has slapped a strip club with a Fair Labor Standards Act suit in Florida federal court, claiming it willfully misclassified her and other dancers as independent contractors, instead of as employees, and then avoided paying them wages by telling them they had to work for tips.

Complaint attached | Read full article »

PRODUCT LIABILITY

SanDisk Gets Memory Card Labeling Suit Wiped In Calif.

A California federal judge on Wednesday dismissed a proposed class action alleging SanDisk LLC misled consumers about the storage capacity of its flash drives and memory cards, noting that the back of the packages on the products at issue clarifies the number of storage bytes.

Order attached | Read full article »

Buyers Claim Coke's Tea Not Honest About Sugar Content

A proposed class of tea drinkers sued The Coca-Cola Co. in New York federal court Thursday, alleging it misleads customers into thinking its “Honest” brand of teas are low in sugar by claiming they're “just a tad sweet.”

1 document attached | Read full article »

PRIVACY & CONSUMER PROTECTION

Zantac Users Pile On Cancer Claims Ahead Of JPML Hearing

Sanofi was hit with another proposed class action by a woman in Chicago who alleges the drugmaker failed to warn consumers that Zantac contained a potent carcinogen, a week before a panel decides whether to rope similar claims into multidistrict litigation.

1 document attached | Read full article »

Fla. Cruise Line Hit With TCPA Suit Over Alleged Robocalls

A Florida cruise line on Wednesday was hit with the latest in a series of proposed class actions accusing travel companies of robocalling consumers who say they never gave the company the go-ahead to call them.

Complaint attached | Read full article »

CBD Buyer Fights Fla. Retailer's Bid To Toss False Ad Suit

A consumer urged a Florida federal judge Wednesday to reject a CBD retailer's bid to toss her proposed class action, arguing that her allegations that the retailer overstates the amount of CBD in its gummies and oil are "classic" false advertising claims and have nothing to do with pending CBD federal regulations.

Response attached | Read full article »

New ADA Suit Says Charlotte's Website Not Blind-Accessible

Charlotte’s Web Inc. is the latest CBD retailer to be caught in a recent wave of proposed class actions against cannabidiol companies whose websites allegedly violate the Americans with Disabilities Act by lacking functionality for the blind.

Complaint attached | Read full article »

BANKING

Chase Card Interest Case In Peril After Dismissal Endorsed

A New York federal judge has given his thumbs-down to a Chase credit card holder's proposed class action that banking industry groups have warned could upend trillions of dollars in asset-backed securitizations, concluding that the state-law usury claims at issue in the case are preempted.

1 document attached | Read full article »

REAL ESTATE

Robbins Geller Bags $100M In Fees For $1B Vereit Settlement

Robbins Geller Rudman & Dowd LLP attorneys will receive a $100 million payday for securing a $1.025 billion settlement for Vereit Inc. investors in a suit that accused the real estate investment trust of lying about its books, a New York federal judge ruled Thursday.

1 document attached | Read full article »

SPORTS

Seeger Weiss To Spend $5M Of Concussion Education Fund

Seeger Weiss LLP, which indirectly represents all 20,000 or so retired players covered by the landmark NFL concussion settlement, has unveiled a proposal to spend more than $5 million of the $10 million set aside by the settlement for educational purposes.

Motion attached | Read full article »

PEOPLE

MoFo Adds Venable Trial Atty In San Francisco

Morrison & Foerster LLP announced Wednesday that it is growing its class actions and mass torts group in San Francisco, bringing on a Venable LLP trial attorney known for her work in product liability and intellectual property cases.

Read full article »

LEGAL INDUSTRY

Analysis

What To Know As Alphabet Hits 'Search' On A New CLO

Google's parent company is on the hunt for a new top lawyer after its embattled chief legal officer announced he would leave next week. Experts say there are lessons others can learn as the tech giant hits the search button.

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Analysis

Breaking Down Michael Avenatti's Nike Extortion Trial

Once plastered all over cable news screens, Michael Avenatti will soon be making his first of several planned appearances before a different audience: federal jurors. The embattled attorney and former Trump sparring partner will be facing an uphill battle next week in New York as he fights charges that he tried to extort millions of dollars from Nike.

Read full article »

Ex-Trump Counsel Battling Subpoena Says Clients Call Shots

Former White House counsel Don McGahn told a New Jersey audience Thursday that it’s the client, not the attorney, who decides if a lawyer will testify in a legal matter, giving insight into his fight to kill a subpoena connected to the impeachment trial underway.

Read full article »

California Bar Mulls Licensing Nonlawyer Professionals

California State Bar leaders took another step Thursday toward opening up the regulation of legal services in the state, launching the assembly of a task force to explore a licensing scheme under which paraprofessionals would provide certain legal services and advice to consumers.

Read full article »

Ground Rules For Live-Video Testimony Spelled Out In NJ

A New Jersey state appeals court on Thursday said judges should consider the substance of witness testimony, among other factors, in deciding whether someone can testify via live video at a civil trial, ending at least eight years of uncertainty about the parameters of testimony permitted by the state Supreme Court but unaddressed in state court rules.

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Law360's Weekly Verdict: Legal Lions & Lambs

Shaw Keller is a legal lion this week for helping Teva Pharmaceuticals score the earliest generic license for Allergan's Linzess, while The Bloom Firm landed among the legal lambs after a judge declined to sanction a billionaire after a trial on a former employee's sexual battery claims.

Read full article »

Podcast

Law360's The Term: The Larger Battle In A Montana Tax Case

On this week’s episode of The Term podcast, we explain the arcane insult that Chief Justice John Roberts reintroduced on his first day — and night — overseeing President Donald Trump’s impeachment trial, and then bring on a special guest to dissect the high-stakes arguments in a Montana tax case questioning church and state boundaries.

Read full article »

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