Bayer AG recently told stockholders it has already paid out more than $400 million to settle drug liability claims regarding birth control pills Yaz and Yasmin. Industry financial experts say the company might ultimately end up paying amounts five or six times higher than that to definitively settle all the claims against it. Read more.
Developments in the Tort World
More than one dozen lawyers who took on tobacco companies have filed 25 cases against industry players like ConAgra Foods, PepsiCo, Heinz, General Mills, and Chobani that stock pantry shelves and refrigerators across America.
The suits, filed during the last four months, assert that food makers are misleading consumers and violating federal regulations by wrongly labeling products and ingredients. The Federal Trade Commission has already won settlements from companies like Dannon and Pom Wonderful for claims about their products’ health benefits. Read more.