| BLOG
by: Joseph F. Rice
Today’s announcement that the biggest three opioid distributors AmerisourceBergen, Cardinal Health, McKesson and manufacturer Johnson & Johnson will move forward and finalize $26 billion in opioid funding comes as welcome news for the millions of families, first responders and others nationwide who know all too well that relief for the opioid crisis is desperately needed.
| NEWS
by: Motley Rice
Legal publication Law360 recognized Motley Rice as a 2021 Practice Group of the Year in the Product Liability. Only five firms nationwide received the award.
| BLOG
by: Laura K. Stemkowski
Necrotizing enterocolitis (NEC) is a gastrointestinal disease that affects the most vulnerable among us – premature infants. It is a serious, sometimes fatal condition with potentially lifelong consequences. While NEC is a known risk for preterm infants, researchers have found that a seemingly innocent sources can significantly increase its occurrence – bovine, or cow’s milk-based, formula and fortifier.
| NEWS
by: Motley Rice
Law360 recognized Motley Rice’s Securities and Consumer Fraud team as a 2021 Practice Group of the Year today, citing the firm’s role in negotiating an $809.5 million settlement for Twitter, Inc. shareholders. Other case involvement, such as leadership in the multidistrict litigation over the Blackbaud data breach and the resolution of litigation filed for SCANA Corp. shareholders.
| BLOG
by: Joseph F. Rice
When we talk about the opioid epidemic, so many of our conversations are focused on the companies involved. Who made what, delivered it where and in what quantity? What weren’t we, the people, told and why? It sounds simple on its face, but the details and legal ramifications are knotty. Unraveling them is challenging work.
| NEWS
by: Motley Rice
Former Boy Scouts who timely filed Proofs of Claim have until 4 p.m. EST on Dec. 28, 2021 to vote on a proposed $1.6 billion settlement in the pending Boy Scouts of America Chapter 11 Bankruptcy. If approved, the settlement will be one of the largest in U.S. history for sexual abuse survivors, resolving legal claims alleging the organization neglected to protect children from known abusers and partook in a nationwide cover up to hide widespread abuse.
| NEWS
by: Motley Rice
In a rare move, the Flemish Environmental Inspectorate of the Department of Environment together with the Flemish Agency for Health and Safety issued an administrative safety order to compel temporary cessation of all production processes of 3M Company’s industrial facility in Zwijndrecht, near Antwerp, Belgium, suspected of emitting polyfluoroalkyl substances (PFAS) into the environment (air, soil or water).
| NEWS
by: Motley Rice
Plaintiffs alleging software company Blackbaud Inc. failed to secure or protect the private information of tens-of-thousands of its clients, leading to a ransomware attack affecting millions, defeated Blackbaud’s third motion to dismiss on Oct. 19, 2021.
| NEWS
by: Motley Rice
AmLaw Litigation Daily featured Motley Rice securities fraud attorney Lance Oliver in its Litigators of the Week column Sept. 24, 2021 following the announcement of a proposed $809 million settlement that, if approved, will be the largest securities fraud settlement in U.S. history against a social media company.
| NEWS
by: Motley Rice
Motley Rice LLC negotiated a settlement resolving litigation against Twitter, Inc. and two former senior executives. The preliminary settlement came the Friday before jury selection was scheduled to begin on Monday Sept. 20, 2021. The case would have been a rare event – a securities fraud class action jury trial. Shareholders alleged that the social media giant misrepresented its daily user growth in 2015 to inflate its stock price.