Bank of America Corp., JPMorgan Chase & Co. and 3 other U.S. banks reached a $26 billion settlement with 49 states and the federal government to end a probe of abusive foreclosure practices. In the largest federal-state civil settlement in the nation's history, the banks have committed $20 billion in various forms of mortgage relief plus payments of $5 billion to state and federal governments. The settlement also stipulates that individual borrowers will receive restitution amounts somewhere in the range of $1,500 - $2,500, depending on how many people make claims.
Merck & Co., the second-largest pharmaceutical company in America, agreed to pay $950 million in a settlement with federal prosecutors. The settlement resulted from their "misbranding" of Vioxx, a painkiller which was pulled from the market in 2004 after a study found that it increased heart-attack and stroke cases. The year before it was pulled, Vioxx generated $2.5 billion in sales, making it Merck’s third-most popular drug at that time. Merck already paid $4.85 billion to settle thousands of patient lawsuits claiming injuries, $1.9 billion in legal costs, and $58 million to settle state claims that the company’s TV advertisements were deceptive and covered up health risks. This defective product caused extensive harm for injury victims who suffered personal injuries as a result of Merck’s negligence.
Right now, there are laws that prevent livery cabs (non yellow medallion cabs) from picking up customers off the street. Cabs that do so are considered to be “gypsy cabs” and are unregulated. Many don’t have meters so customers may not be charged fair rates. Mayor Michael Bloomberg wants to change this.
If you suffer a personal injury, you are entitled to compensation for everything that you have gone through. You could have been injured on the job, in an motor vehicle accident, by a defective product, or as the result of medical malpractice. There are ads all over televisions telling you that you will be able to get a big settlement. The problem is, they never tell you what you will actually need to prove.
A recent Court of Appeals decision in a personal injury case demonstrates the importance of hiring a personal injury lawyer right away if you've been involved in a car or other accident.