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Baycol: A Sudden Rush to Settle
In the last several weeks, Pittsburgh-based Bayer Corp. has been rapidly settling federal lawsuits and claims involving Baycol, the anti-cholesterol drug it pulled off the market in August 2001 after it was linked to 100 deaths worldwide, two Miami law firms say.
About 8000 patients who took Baycol or the families of those who died have filed product liability lawsuits against Bayer and GlaxoSmithKline, which participated in marketing the drug. More than half the suits have been consolidated in multi-
district litigation in U.S. District Court in Minneapolis. Worldwide, 100 deaths and 1600 injuries have been linked to the drug. The drug was prescribed for more than 6 million patients.
The law firm of John H. Ruiz in Miami has 200 Baycol cases, while Miami-based Panter & Panter has 20. Each firm has one wrongful death claim. Both law firms say Bayer, whose international headquarters is in Germany, has made a rush of settlement offers in the last month or two. During that period, Ruiz has obtained settlements in nine cases, for an average amount of $300,000. Panter & Panter has obtained two settlements, for $850,000 and $375,000.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?