Headlines

Shareholders rarely reject management’s proposals; thus, the “no vote” at Citigroup is an important moment in the evolution of post-financial crisis corporate governance.

The Plaintiffs' Steering Committee (PSC) leading the litigation surrounding the 2010 BP Gulf Oil Spill today announced that it has finalized its settlement with BP.

On Wednesday, April 18, 2012, BP and the attorneys suing on behalf of hundreds of thousands of individuals and businesses affected by the Deepwater Horizon disaster submitted a settlement to U.S. District Judge Carl Barbier in New Orleans for approval.

Shareholders have both a right and responsibility to exercise their voices in the corporate governance of public companies. At Motley Rice, we believe the future of our country depends on a healthy and growing economy based on industry and ingenuity, not on mountains of debt and financial slight-of-hand. Shareholders have to speak up, and that is sometimes only accomplished through our court system.

We are proud of the success achieved during our inaugural ProjectGO! day last year and are excited to hold our second ProjectGO! event on April 18 and April 25.

Police arrested Fair Havens Manor Director Andrea Magwood yesterday for allegedly neglecting residents. Fair Havens Manor is an assisted living facility for the elderly and disabled that is located on Cosgrove Avenue in North Charleston, S.C.

A second lawsuit was filed this week in connection with a carbon monoxide leak that occurred in January at a South Charleston, W.V., Holiday Inn Express and Suites. The leak allegedly caused the death of one man, William Moran (whose widow filed suit in March), and seriously injured others.

Federal health regulators have announced that Yaz®, Yasmin® and other birth control pills containing the hormone drospirenone (synthetic version of the naturally occurring female hormone progesterone) will now carry new labeling warning that these drugs may be more likely to cause blood clots than other types of birth control. The new labeling is based on recent studies that compared drospirenone-containing pills to low-dose estrogen pills.

A recent article by Consumer Reports addresses the potential risks associated with medical devices such as artificial joints and pelvic mesh. Although millions live each day with artificial medical devices in their bodies, the article reports that "Often, the only safety ?testing' that occurs is in the bodies of unsuspecting patients."

Motley Rice welcomes three new lawyers to its Mt. Pleasant, S.C., headquarters: Max N. Gruetzmacher (SC), P. Graham Maiden (SC) and Ann E. Rice Ervin (SC)