Retired US Securities and Exchange Commission trial lawyer James Kidney's latest criticism against the US Securities and Exchange Commission's efforts in bringing cases against Wall Street leaders underlines the agency's lack of teeth in holding entities responsible for the 2008 credit crisis.
A decision of a Lafayette, Louisiana court jury has ordered Takeda Pharmaceutical Co and Eli Lilly & Co to pay a total of $9 billion in punitive damages to complainant Terrence Allen, who claimed the Japanese drug Actos had caused him to develop bladder cancer.
Although SeaWorld has remained silent about its next moves should a California measure that would ban the captivity of killer whales in their parks will be passed, it blames the negative publicity it is getting from a documentary film that allegedly distorts facts about animals kept in captivity titled "Blackfish," the Guardian said.
Megaupload and its operators has been charged with copyright infringement by six major movie studios in the US, and are seeking to obtain $175 million in damages, Variety said.
