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Toyota Recalls 7.43M Vehicles |
| Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch.The recall announced Wednesday affects more than a dozen models produced from 2005 through 2010. The power-window switch on the driver’s side didn’t have grease applied evenly during production, causing friction in the switch and sometimes smoke, according to Toyota. Associated Press, The Washington Post 10/10/2012 | Read Article: The Washington Post |
Gov’t Warns Repaired Cars May Have Counterfeit Air Bags |
| Car owners whose air bags have been replaced in the past three years may have had dangerous counterfeit bags installed, the Obama administration warned Wednesday. Only 0.1 percent of the U.S. vehicle fleet — about 250,000 cars on the road — are makes and models for which counterfeit airbags are known to be available, the National Highway Traffic Safety Administration said in a statement. Industry officials briefed by the government said tens of thousands of car owners may be driving vehicles with counterfeit air bags. Associated Press, The Washington Post 10/10/2012 | Read Article: The Washington Post |
Editorials/Columns/Letters |
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Editorial: Out-of-Control Compounding of Drugs |
| The meningitis outbreak that has sickened at least 119 people and killed 11 of them has laid bare a disturbing lack of regulatory oversight of pharmacies that mix drug compounds and ship them around the country. Unless Congress passes legislation to strengthen the hand of the Food and Drug Administration, the public will continue to be at risk from contaminated products. Editorial Board, The New York Times 10/10/2012 | Read Article: The New York Times |
Business Litigation |
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Government Files Underwriting Suit Against Wells Fargo |
| The U.S. Attorney's office has filed a lawsuit against Wells Fargo, accusing the banking giant of defrauding "government-backed mortgage insurance program of hundreds of millions of dollars" by underwriting hundreds of thousands of home loans. The suit claims the bank engaged in "deficient training, deficient underwriting and deficient disclosure." The improper underwriting, according to the suit, costs the federal government hundreds of millions of dollars. Andrew Tangel, E. Scott Reckard and Richard A. Serrano, LA Times 10/10/2012 | Read Article: LA Times |
Pfizer Settles Investor Suit for $164 Million |
| Pharmaceutical giant Pfizer Inc. has agreed to pay $164 million in a class-action shareholder lawsuit accusing the company of misrepresenting clinical trial results of the drug Celebrex. In the suit, Pfizer was accused of misrepresenting clinical trial results in order to make the drug seem safer than rival drugs. Nate Raymond and Ransdell Pierson, Reuters 10/09/2012 | Read Article: Reuters |
Wrongful Death |
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Firm Linked to Meningitis Outbreak Settled Suit in 2005 |
| The Massachusetts-based New England Compounding Center has settled a wrongful death lawsuit with a local woman whose husband died from meningitis he contracted through contaminated steroids produced by the firm. The man died in 2004 and the suit was settled in 2005. The firm is in the spotlight again, as another meningitis outbreak in the northeast has been linked to the company's steroid injections. Walter F. Roche Jr., Tennessean 10/09/2012 | Read Article: Tennessean |
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