Judge denies J&J motion to end opioid trial

An ongoing lawsuit against Johnson & Johnson for its part in the opioid crisis will continue after the company’s effort to have the case dismissed was denied Cleveland County District Judge Thad Balkman. He denied a motion to toss the lawsuit, which accuses Johnson & Johnson and its subsidiaries of creating a public nuisance and costing the state of Oklahoma billions of dollars.

Oklahoma Attorney General Mike Hunter told the court during proceedings that 4,653 Oklahomans died of unintentional overdoses involving prescription opioids from 2007 to 2017, and that there were more than 28,000 admissions for opioid and heroin treatment through state services from 2012 to 2018.

Read the source article at cnn.com

Tennessee parents fight against damage caps

  • Cathy and Bobby Roberts lost their son in a crash caused by a faulty tire the maker knew about.
  • Tennessee has a law that limits jury awards in civil cases.
  • Tennessee’s law — passed to attract businesses — has been struck down by a federal appeals court.
  • The Roberts settled their case, but are fighting on behalf of other families for repeal of the law.

Read the source article at News, Sports, Business

Aequitas investors recover $234.6M for Ponzi scheme

Investors burned in the Aequitas financial scandal scored a major victory when a handful of accounting firms, securities operations and lawyers accused of aiding and abetting the fraud agreed to settle for $234.6 million.

Together with funds raised by the receiver through the sale of various Aequitas assets, the total recovery could exceed $300 million.

The settling defendants are accounting giant Deloitte, Portland law firm Tonkon Torp, EisnerAmper, a second accounting firm, legal giant Sidley Austin TD Ameritrade; Integrity Bank & Trust of Colorado; and the rating agency Duff & Phelps.

Read the source article at oregonlive.com