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News
October 31, 2016

In the News Today – October 31, 2016

  • Plaintiffs’ bar expected to spend $149 million this year on drug and medical device litigation advertising: Money spent on TV ads seeking plaintiffs for lawsuits over prescription drugs and medical devices is projected to be 15 percent higher this year as compared to last year—and 68 percent higher than just eight years ago, according to Rustin Silverstein who presented the data at ILR’s annual Legal Reform Summit last week. Malini Moorthy, associate general counsel for litigation at Bayer Corporation said, “Patients deserve accurate, science-based information about their medicines, not unregulated, unsubstantiated and unbalanced lawyer ads that may frighten them into stopping a life-saving treatment prescribed by their physicians.” (Corporate Counsel)
  • Experts See Little Movement on Federal Cybersecurity Laws: ILR’s, Bryan Quigley spoke with Corporate Counsel regarding support for federal action on cybersecurity issues. A survey done for ILR found that “86 percent [of voters] supported a national breach notification standard. In addition, 84 percent agreed that consumer protection laws should be updated to definitively address data privacy and better guide investigations and litigation.” (Corporate Counsel)
  • 2nd Circuit Won’t Revisit $8.6B Chevron Pollution Case: The full Second Circuit won’t reconsider an August panel ruling that affirmed a lower court’s decision that an $8.6 billion oil pollution judgment against Chevron in Ecuador was fraudulently produced and could not be enforced. (Law360)

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