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SEC Obtains Orders for a Record $8.2 Billion in Financial Remedies in Fiscal Year 2024

In fiscal year 2024, the Securities and Exchange Commission filed 583 enforcement actions and obtained orders for $8.2 billion in financial remedies—the most ever obtained by the SEC in a single fiscal year. The $8.2 billion consisted of $6.1 billion in disgorgement and prejudgment interest and $2.1 billion in civil penalties. The SEC also obtained orders barring 124 individuals from serving …

When Fun Toys Kill: The Products Liability Case Against Water Beads

Water beads are sold for children as toys, educational materials, art materials, sensory tools, and as projectiles for “gel blaster” guns. Adults use them as decorative, crafting and gardening supplies. When these small, colorful beads are swallowed by children, they do not simply get digested and pass through a child’s body. Instead, they absorb fluids and expand to many times …

The Products Liability Case Against Tianeptine: The Deadly “Dietary Supplement” Found at Your Local Store

You see them displayed by the cash register. Neptune’s Fix and other tianeptine-based products promise to help brain function, treat anxiety and depression, and even manage opioid addiction. Unbeknownst to many consumers, these products have been associated with severe adverse medical events, including seizures and even deaths. This article, written by John M. Dodig and Jason A. Daria and published in …

Fisher-Price Recalls Snuga Swings After Five Infant Deaths

In a recall that one federal safety regulator has characterized as “doomed to fail,” Fisher-Price is offering its customers $25 to remove components from its Snuga Swings — which have been linked to five infant deaths — instead of offering a meaningful remedy that would get this unsafe product out of people’s homes. On October 10, 2024, Fisher-Price announced the recall …

Lawmakers Seek to Address Supersized Vehicles That Kill Pedestrians

Federal lawmakers have introduced legislation aimed at reducing the number of pedestrians who are killed and seriously injured in crashes with supersized passenger vehicles. Recent government data show that there are more than 40,000 fatal car crashes per year in the United States. Between 2013 and 2022, pedestrian fatalities increased 57 percent from 4,779 to 7,522, according to the National Highway …

CPSC Warns Against Two Cradle Swings That Pose Suffocation and Fall Hazards

The U.S. Consumer Product Safety Commission (CPSC) is warning parents and caregivers to stop using DNYSYSJ and OUKANING cradle swings due to the risk of suffocation and falls. According to the CPSC, the cradle swings violate federal safety regulations for bassinets and cradles. The warning, issued on August 15, 2024, states that the “folds” of the cradle swing’s segmented sleeping pad …

Neptune’s Fix Recalled: FDA Warns That Tianeptine-Containing Products Are Associated with Seizures, Loss of Consciousness and Death

When 32-year-old graphic designer Matthew Cornier decided to work late at his Point Pleasant, New Jersey, office, he went to a convenience store and purchased several shot-size bottles of Neptune’s Fix, a purported dietary supplement sold with a claim that it will improve mental focus. Several hours later Matthew was found dead in his office by his fiancée. The bottles of …

CPSC Warns Against Multiple Infant Loungers After Five Deaths

The U.S. Consumer Product Safety Commission (CPSC) is warning consumers to stop using five brands of baby loungers that violate federal safety regulations and are linked to the deaths of five infants. The loungers were sold online on Amazon and Walmart under the brand names Mamibaby, Yoocaa, DHZJM, Cosy Nation and Hyhuudth. The CPSC believes that all five loungers were …

Study: Water Bead-Related ER Visits by Kids Increased Over 130% in One Year

Water bead-related emergency room visits by children increased by over 130 percent — from 55 visits in 2021 to 127 in 2022 — according to a new study published in the American Journal of Emergency Medicine. Water beads are made of super-absorbent polymer crystals which can retain hundreds of times their weight in water. The beads — which are widely marketed …

August 6th, 2014

As many of our readers are surely aware, the United States House of Representatives in the last week in July voted to approve Speaker John Boehner’s lawsuit against President Obama for allegedly exercising powers not granted to the highest office in the land. While we …

July 23rd, 2014

As a consumer concerned with product safety, you might assume that it is illegal for corporations to knowingly cover up dangers associated with their goods and services, but you’d be wrong. Following dozens of highly publicized recalls–cars, automobile air bags,pharmaceuticals, and baby toys, to name …

July 16th, 2014

In a landmark decision in 2005, the Supreme Court of Wisconsin struck down the state’s strict cap on non-economic damages, which limited plaintiffs’ recovery to $350,000. Finding this law to be unconstitutional on the grounds that it violated the equal protection clause, the Court’s decision explains …

June 25th, 2014

Over the past decade, according to the New York Times, testosterone replacement therapy (a form of hormone replacement) has quadrupled among men aged 40 and older. By 2011, about one in 25 men in their 60s was on a testosterone replacement plan. While this figure …

June 18th, 2014

The lawsuit that has pitted several thousand retired professional football players against their former employer, the National Football League, has been receiving a lot of press over the past few months–and it shows no signs of ending anytime soon. When this blog last reported on …

June 11th, 2014

As far as birth control methods go, few have been as simultaneously popular and controversial as the NuvaRing. The vaginal ring, which slowly releases hormones into a woman’s bloodstream over the course of about three weeks, racked up about $686 million in 2013 alone for …

June 9th, 2014

While the massive General Motors recall–involving over 20 million vehicles in only one year–has been getting a lot of news coverage (and a few posts on this blog), another recall may be nearly as dangerous for drivers. In fact, air bags manufactured by the Takata …

June 4th, 2014

Motorists generally don’t like driving on the same highway with trucks, and it appears that this fear of heavy trucks is well founded. The New York Times recently reported on once-in-a-decade calculations from the National Highway Traffic Safety Administration (NHTSA), specifically how much vehicle crashes …

May 28th, 2014

This blog began covering Intuitive Surgical’s da Vinci robot in July of 2012, but we have not followed up on the outcomes of lawsuits against the manufacturer since last year. A year ago, we reported on the first case to result in a verdict. The …